Axis Bank Ltd.

Axis Bank is currently trading at Rs. 1080.00, up by 22.45 points or 2.12% from its previous closing of Rs. 1057.55 on the BSE.

The scrip opened at Rs. 1082.50 and has touched a high and low of Rs. 1107.00 and Rs. 1053.50 respectively. So far 311011 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1549.00 on 20-May-2013 and a 52 week low of Rs. 764.00 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs. 1107.00 and Rs. 961.00 respectively. The current market cap of the company is Rs. 50298.55 crore.

The promoters holding in the company stood at 33.92% while Institutions and Non-Institutions held 49.47% and 8.50% respectively.Axis Bank and Tata Capital are reportedly in discussions with the Pension Fund Regulatory Development Authority (PFRDA) to establish a pension fund Asset Management Company (AMC).

Presently, there are eight pension fund managers for both the public and private sector National Pension Scheme (NPS). LIC, UTI and SBI manage both the public and private sector NPS, while HDFC, ICICI, Kotak Mahindra, Reliance Capital and DSP Blackrock manage only the private sector NPS. DSP Blackrock is the latest entrant which became operational in November 2012.

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