Axis Bank stock

Shares of Axis Bank slumped nearly 7 per cent on Thursday to ₹1,150.50 on the NSE due to concern over credit costs. The bank on Wednesday reported a 5.66 per cent rise in consolidated net profit for the June quarter at ₹6,436 crore. However, its gross non-performing assets (GNPA) increased sequentially.

Axis Bank's stock tumbled nearly 7 per cent on Thursday morning trade after the company's June quarter earnings failed to cheer investors.