Shares of AxisBank jumped 5 percent on Monday morning after the lender announced that Amitabh Chaudhry of HDFC Life will take over as chief executive officer (CEO) and managing director (MD).
The stock touched an intraday high of Rs 675.00 and an intraday low of Rs 644.00.
Chaudhry, who is replacing Shikha Sharma, will begin his new role on January 1, 2019 for a three-year term. Chaudhry is currently the Managing Director of HDFC Life.
The stock has risen over 13 percent in the past one month, while in the past three days, it has risen over 5 percent. At 09:30 hrs Axis Bank was quoting at Rs 671.40, up Rs 26.25, or 4.07 percent, on the BSE. It touched a 52-week high of Rs 675.00.
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