Axis Bank is currently trading at Rs. 1483.65, up by 68.60 points or 4.85% from its previous closing of Rs. 1415.05 on the BSE.
The scrip opened at Rs. 1418.50 and has touched a high and low of Rs. 1489.00 and Rs. 1418.50 respectively. So far 556320 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1489.00 on 29-Jan-2013 and a 52 week low of Rs. 922.00 on 18-May-2012.
Last one week high and low of the scrip stood at Rs. 1489.00 and Rs. 1376.60 respectively. The current market cap of the company is Rs. 63033.22 crore.
The promoters holding in the company stood at 35.53% while Institutions and Non-Institutions held 45.91% and 9.73% respectively.
In the biggest equity deal in more than a month in Asia's third-largest economy - India, Axis Bank has launched its $1-billion share issue involving 39.90 million shares to institutional investors and promoters. The issue has been priced at Rs 1,390 a share, a discount of 1.6% to its closing market price of Rs 1,412.95.
The country’s third largest private sector lender will sell 34 million shares through a qualified institutional placement (QIP). Separately, the bank will allot the remaining 5.9 million shares on a preferential basis at Rs 1,390 a share to some existing shareholders. Citibank, JP Morgan and Axis Securities and Sales have been appointed as the advisor to this transaction. The bank, back in December 2012, had received board’s approval for the same. Citibank, JP Morgan and Axis Capital were advisor to this transaction.
The bank reported 22.22% rise in its net profit at Rs 1347.22 crore for third quarter ended December 31, 2012 as compared to Rs 1102.27 crore for the same quarter in the previous year. Total income of the bank has increased by 19.06% at Rs 8580.30 crore for quarter under review as compared to Rs 7206.77 crore for the quarter ended December 31, 2011.
| Company Name | CMP |
|---|---|
| HDFC Bank | 795.40 |
| ICICI Bank | 1356.00 |
| Axis Bank | 1353.65 |
| Kotak Mahindra Bank | 379.20 |
| Indusind Bank | 852.10 |
| View more.. | |
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