New Delhi, Nov. 27 -- Shares of Axis Bank, the country's fourth-largest private sector bank, touched a new record high of Rs.1,304 apiece in Thursday's intraday session, November 27, gaining 1%. This marks the first time the stock has crossed the Rs.1,300 level.

The bank's shares have seen steady growth since August, delivering a 24% return so far, rewarding shareholders and contributing significantly to the Nifty 50's rally, which reached a fresh record high after a gap of 14 months.

This sustained momentum has pushed Axis Bank's market capitalization past Rs.4 lakh crore, placing it among the elite group of only 19 listed companies to achieve this milestone, according to BSE data.

Brokerages remain positive on Axis Bank's growth pros...