Axis Bank has been trading low for last few quarters as the bank was having higher NPA levels and exposure to stressed assets.
RBI Panel reduced repo rate by 25 basis points. The decision will be positive for the economy and if banks pass on the benefits, their loan book can grow.
The Reserve Bank of India reduced repo rate by 25 basis points. Considering the state of Indian economy and struggling sectors, the rate was expected by majority of economists and market experts.
RBI panel announced 25 basis points rate cut but Indian stock markets were expecting a small rate cut. The rate cut hasn't led to any major market movement.
Unlike its other major counterpart MMR, NCR has fared better in shedding its overall unsold stock on both quarterly and yearly basis.
Collectively, NCR saw new supply of 5,790 units in Q3 2019 as against 4,200 units a year ago and nearly 13,570 units in the preceding quarter of Q2 2019. If we break it city-wise:
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