Axis Bank and DCB Bank Both Gains 1% in Morning on Thursday

The share price of Axis bank and DCB bank both rose 1% in the morning of Thursday. Both banks have got significant profit in recent times.

Axis Bank:

The share price of Axis Bank rose 1% on Thursday morning after the global brokerage house CLSA increased the price target from INR 750 to INR 800.

On 31st December 2018, the Managing Director and CEO (Chief Executive Officer) Shikha Sharma retired from the services. Amitabh Chaudhry is now a managing director & CEO of the Axis bank with effect from this month on the terms & conditions including remuneration.

 At 03:59 PM, January 17, 2018, the share price was quoting INR 676.65 up INR 12.65 or 1.91%.

DCB Bank:

DCB Bank share price gained 1% on Thursday morning after the research house Kotak Institutional Equities has raised the price target to INR 210 per share from INR 185. The company has gained 51% Year-on-Year (YoY) earnings growth and the net profit also increased by 51% in the third quarter of a company.

At 03:59 PM, January 17, 2019, the share price was quoting INR 186.30 up INR 4.95 or 2.73%.

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