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Axis Bank gains as RBI allows FIIs to buy more shares

04 Jun 2015 Evaluate

Axis Bank is currently trading at Rs. 556.60, up by 5.95 points or 1.08% from its previous closing of Rs. 550.65 on the BSE.

The scrip opened at Rs. 559.50 and has touched a high and low of Rs. 560.30 and Rs. 554.70 respectively. So far 86933 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 655.35 on 04-Mar-2015 and a 52 week low of Rs. 350.00 on 16-Jun-2014.

Last one week high and low of the scrip stood at Rs. 589.45 and Rs. 538.50 respectively. The current market cap of the company is Rs. 132255.47 crore.

The promoters holding in the company stood at 27.93% while Institutions and Non-Institutions held 59.38% and 8.97% respectively.

Reserve Bank of India (RBI) has removed restrictions placed on purchase of the bank’s shares by foreign institutional investors (FIIs) under the portfolio investment scheme. The RBI order takes effect immediately. This follows foreign shareholding in Axis Bank fall below the threshold limit. At end-March, FII holding in the bank stood at 46.64 per cent.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses.

Axis Bank Share Price

1269.40 -22.95 (-1.78%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 781.20
ICICI Bank 1264.80
Axis Bank 1269.40
Kotak Mahindra Bank 380.75
Indusind Bank 949.85
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