Axis Bank trades with traction on the BSE

Axis Bank is currently trading at Rs. 479.05, up by 12.35 points or 2.65% from its previous closing of Rs. 466.70 on the BSE. The scrip opened at Rs. 465.25 and has touched a high and low of Rs. 482.20 and Rs. 465.25 respectively. So far 260314 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 485.50 on 13-Nov-2014 and a 52 week low of Rs. 215.68 on 22-Nov-2013. Last one week high and low of the scrip stood at Rs. 482.20 and Rs. 463.00 respectively. The current market cap of the company is Rs. 113102.41 crore. The promoters holding in the company stood at 28.88% while Institutions and Non-Institutions held 58.42% and 9.00% respectively. Axis Bank has launched a smart self-service terminal that allows customers to deposit as well as withdraw cash from the same machine. Customers can initiate a deposit transaction through the smart self-service terminal even without using a debit card and will receive instant credit for the deposited amount. There is no cap on the amount of cash deposited by the customer through these terminals, provided his/her PAN details are available with the bank. The smart self-service terminal will reduce the frequency of loading cash in the machine as well as the cost of idle cash as it allows cash recycling operations by dispensing deposited cash for future withdrawal transactions, thereby improving efficiency of the bank's cash operations.