Shares in Axis Bank fell a huge 6 per cent, as investors dumped the shares, despite solid Q2 numbers. The shares were last trading at Rs 490, down 6 per cent over Tuesday's close.
The asset quality of the bank, deteriorated a little with gross non-performing assets (NPAs) at 1.38 per cent of gross advances as of September 2015 as against 1.34 per cent a year ago.
The loan book also grew at a healthy pace of 23 per cent. The only worry for investors is that almost a fifth of its loans are exposed to risky assets from the power, infrastructure and metal space.