Axis Bank, one of the largest private sector lenders witnessed a rise in share price on Monday after the bank reported growth of 18.23% in its net profit for the quarter ended Sept. 30, 2014. The bank earned a profit of Rs 16.11 billion for the quarter ended Sept. 30, 2014.

The bank's quarterly income totalled at Rs 105.5 billion, an increase of 12.53% over Rs 93.75 billion in the same period a year ago.

Shares of the bank are trading at Rs 413.95, up Rs 12, or 2.99% at the Bombay Stock Exchange (BSE) on Monday at 10:16 a.m.

The scrip has touched an intra-day high of Rs 416 and low of Rs 410.10. The total volume of shares traded at the BSE is 192,962.