Axis Bank Sees Surge in Trading Volume Amidst Recent Downward Trend

Axis Bank Ltd. has emerged as one of the most active equities today, with a total traded volume of 7,882,272 shares and a total traded value of approximately Rs 92.03 crore. The stock opened at Rs 1,180.0 and reached a day high of Rs 1,180.0, while the day low was recorded at Rs 1,162.0. As of the latest update, the last traded price (LTP) stands at Rs 1,163.2.
In terms of performance, Axis Bank has been experiencing a downward trend, having lost 1.28% over the last three days. Today's return is slightly negative at -0.31%, which is in line with the sector's performance, as the sector also reported a 1D return of -0.32%. The stock's performance relative to moving averages shows it is above the 100-day and 200-day averages but below the 5-day, 20-day, and 50-day averages.

Investor participation has notably increased, with a delivery volume of 79.18 lakh shares on July 8, reflecting a rise of 96.24% compared to the 5-day average. The liquidity of the stock remains robust, accommodating trade sizes of Rs 15.07 crore based on 2% of the 5-day average traded value. Overall, Axis Bank continues to be a significant player in the private sector banking industry, maintaining a market capitalization of Rs 3,61,431 crore.