Axis Bank Ltd.

Axis Bank is currently trading at Rs. 510.00, up by 1.95 points or 0.38% from its previous closing of Rs. 508.05 on the BSE.

The scrip opened at Rs. 507.90 and has touched a high and low of Rs. 511.75 and Rs. 507.70 respectively. So far 33124 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. 514.70 and Rs. 501.70 respectively. The current market cap of the company is Rs. 122240.75 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 has received its board’s approval to raise Rs 5,000 crore by issuing bonds on a private placement basis. The company’s board gave approval for the same at its meeting held on June 15, 2017.

The bonds are rated ‘AAA’ by Crisil, ‘AAA hyb’ by ICRA and ‘AAA’ by India Ratings (Ind-Ra). Bonds with AAA rating reflect an exceptional degree of credit-worthiness on the basis that the issuer can easily meet its financial commitments.

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.