Shares Of Axis Bank Rose Around 2 Percent On Buzz Of A Management Change At The Bank

Shares of Axis Bank rose around 2 percent on buzz of a management change at the bank. According to a report in The Economic Times, Amitabh Chaudhry of HDFC Life is likely to be the successor to Shikha Sharma, Axis’s current CEO and MD.

The stock touched an intraday high of Rs 641.80 and an intraday low of Rs 635.00.

The report further quoted block deal data from exchanges, which revealed that the executive sold over 11.62 lakh shares between April 26 and August 20, 2018 on the NSE.

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