Axis Bank shares down 5% after Q4 results — What spooked investors?

Axis Bank shares down 5% after Q4 results — What spooked investors?

Summary

Shares of Axis Bank declined nearly 5 per cent in early trade on Monday after the lender reported a muted set of Q4 results, with pressure on profitability offsetting steady business growth and improving asset quality.

Description

Shares of Axis Bank declined nearly 5 per cent in early trade on Monday after the lender reported a muted set of Q4 results, with pressure on profitability offsetting steady business growth and improving asset quality.

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