The bank has also reduced the base rate by 5 bps to 9.45 per cent per annum from the existing 9.50 per cent effective from April 18, 2016.
Axis Bank gained 1.8% and is trading at Rs.411.20 on BSE. The bank has reduced its marginal cost of funds based lending rate (MCLR) by 15 basis points (bps) across all tenors. This follows the reduction in policy rates by RBI on April 05, 2016. The reduced MCLRs will be effective from April 18, 2016. Further, the bank has also reduced the base rate by 5 bps to 9.45 per cent per annum from existing 9.50 per cent effective from April 18, 2016.
The scrip opened at Rs. 439 and has touched a high and low of Rs. 442.7 and Rs. 438.35 respectively. So far 1811167(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 103332.09 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 613.4 on 16-Jul-2015 and a 52 week low of Rs. 366.65 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 436.45 and Rs. 417.55 respectively.
The promoters holding in the company stood at 29.91 % while Institutions and Non-Institutions held 56.5 % and 10.04 % respectively.
The stock is currently trading above its 200 DMA.
The scrip opened at Rs. 439 and has touched a high and low of Rs. 442.7 and Rs. 438.35 respectively. So far 1811167(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 103332.09 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 613.4 on 16-Jul-2015 and a 52 week low of Rs. 366.65 on 18-Jan-2016. Last one week high and low of the scrip stood at Rs. 436.45 and Rs. 417.55 respectively.
The promoters holding in the company stood at 29.91 % while Institutions and Non-Institutions held 56.5 % and 10.04 % respectively.
The stock is currently trading above its 200 DMA.
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