As analyst expected Axis Bank in the long term can prove to be a darling of investors. In Wednesday's trade today, the private sector lender stock made a new 52-week high by scaling to Rs. 770 on the NSE, recording a surge of close to 2%.

In the last one year as of the previous trading day's close, the stock of Axis Bank has surged as much as 49.2%. This is an outperformance to the broader NSE index by 13.4% during the same period.

At 12:25 pm, the stock of Axis Bank was quoting higher by 1.21% or 9.51 at Rs. 766.25.

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