Axis Bank reduces base rate by 35 basis points; stock flat

The country's third largest private sector lender, has reduced its base rate by 35 basis points to 9.50%.

Axis Bank Ltd is currently trading at Rs.496.75, up by 0.24% from its previous closing of Rs. 495.55 on the BSE.

The country's third largest private sector lender, has reduced its base rate by 35 basis points to 9.50%.

The scrip opened at Rs. 502.9 and has touched a high and low of Rs. 503.45 and Rs. 497 respectively. So far 1737722(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 117839.04 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 655.35 on 04-Mar-2015 and a 52 week low of Rs. 370.15 on 07-Oct-2014. Last one week high and low of the scrip stood at Rs. 522.25 and Rs. 485.25 respectively.

The promoters holding in the company stood at 29.19 % while Institutions and Non-Institutions held 57.86 % and 9.12 % respectively.

The stock is currently trading above its 200 DMA.