Axis Bank Ltd.

Axis Bank is currently trading at Rs. 505.45, up by 2.85 points or 0.57% from its previous closing of Rs. 502.60 on the BSE.

The scrip opened at Rs. 506.75 and has touched a high and low of Rs. 508.50 and Rs. 505.00 respectively. So far 66,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 638.00 on 07-Sep-2016 and a 52 week low of Rs. 424.60 on 10-Jan-2017.

Last one week high and low of the scrip stood at Rs. 534.35 and Rs. 499.50 respectively. The current market cap of the company is Rs. 1,21,158.00 crore.

The promoters holding in the company stood at 30.13%, while Institutions and Non-Institutions held 59.38% and 10.49% respectively.

Axis Bank, a private sector lender, is planning to expand its business of distributing life insurance policies through a tie-up with one more insurer. The bank currently has a partnership with Max Life and LIC. The present rule allows an open architecture with up to three insurers.

As for general insurance space, the bank has an alliance with Tata AIG.  In healthcare insurance, where penetration is low, it has a tie-up with Apollo Health Insurance.

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