Axis Bank shares fell over 3% to a low 1,014.65 on the NSE on Wednesday amid a block deal where 33.2 lakh shares are reported to have changed hands.
ETNow reported about the block deal. Details of the buyers and sellers were not known immediately.
The action in Axis Bank stock was accompanied with strong volumes as 92 lakh shares were trading on the NSE around 2 pm.
Axis Bank shares have been market laggards and have fallen nearly 8% in the past one year. In 2025 so far, the decline stands at 4.5%.
The overall negative sentiments prevailing in the markets and bank's own lackluster show has added to the weakness in the Axis Bank stock.
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