Axis Bank is currently trading at Rs 1177.00, up by 26.65 points or 2.32% from its previous closing of Rs 1150.35 on the BSE.
The scrip opened at Rs 1150.00 and has touched a high and low of Rs 1190.70 and Rs 1105.70 respectively. So far 173435 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1460.55 on 08-Apr-2011 and a 52 week low of Rs 784.50 on 02-Jan-2012.
Last one week high and low of the scrip stood at Rs 1209.05 and Rs 1105.70 respectively. The current market cap of the company is Rs 48822.33 crore.
The promoters holding in the company stood at 37.55% while Institutions and Non-Institutions held 38.10% and 15.53% respectively.
Axis Bank has got nod from board of directors to allot senior notes aggregating to $500,000,000 under the MTN programme through its DIFC Dubai branch. The Notes will be listed at the Singapore Stock Exchange. The board of directors of the bank has approved the allotment on March 05, 2012.
The Notes have been priced at 440 basis points over the 5-year US Treasury Note, at a price of 99.442% to yield 5.243%. The Notes will be denominated in US dollars, and will bear fixed interest of 5.125% per annum, with interest payable semi-annually in arrears. The Bank will apply the net proceeds to fund its operations overseas.
Axis Bank's net profit increased by 23.62%to Rs 1,102.27 crore for the quarter ended December 31, 2011, from Rs 891.36 crore in the corresponding year-ago quarter, on the back of robust growth in both interest and fee income. Total income rose 44.54% to Rs 7,206.77 crore for the quarter under review from Rs 4,986 crore for the same quarter last year.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1492.20 |
| ICICI Bank | 1134.80 |
| Axis Bank | 1164.95 |
| Indusind Bank | 1442.00 |
| Kotak Mahindra Bank | 1707.00 |
| View more.. | |
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