The bank's marginal cost of funds based lending rate for overnight loans will be 8.95%; the rate for one month will come in at 9.05% and for three months it will be 9.25%.
Axis Bank has kept its lending rates based on marginal cost of funds unchanged effective from 18 May 2016. The bank's marginal cost of funds based lending rate for overnight loans will be 8.95%; the rate for one month will come in at 9.05% and for three months it will be 9.25%.
The MCLR on 6-month loans will be 9.3% and will be 9.35% for one-year loans. MCLR will be 9.45% on two-year loans and it will be 9.5% for three-year loans.
Stock view:
Axis Bank Ltd is currently trading at Rs. 497.3, down by Rs. 5.7 or 1.13% from its previous closing of Rs. 503 on the BSE.
The scrip opened at Rs. 500 and has touched a high and low of Rs. 502.95 and Rs. 496 respectively. So far 1265395(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 119988.82 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. 507 and Rs. 477.4 respectively.
The promoters holding in the company stood at 29.73 % while Institutions and Non-Institutions held 56.64 % and 10.27 % respectively.
The stock is currently trading above its 200 DMA.
Axis Bank has kept its lending rates based on marginal cost of funds unchanged effective from 18 May 2016. The bank's marginal cost of funds based lending rate for overnight loans will be 8.95%; the rate for one month will come in at 9.05% and for three months it will be 9.25%.The MCLR on 6-month loans will be 9.3% and will be 9.35% for one-year loans. MCLR will be 9.45% on two-year loans and it will be 9.5% for three-year loans.
Stock view:
Axis Bank Ltd is currently trading at Rs. 497.3, down by Rs. 5.7 or 1.13% from its previous closing of Rs. 503 on the BSE.
The scrip opened at Rs. 500 and has touched a high and low of Rs. 502.95 and Rs. 496 respectively. So far 1265395(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 119988.82 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. 507 and Rs. 477.4 respectively.
The promoters holding in the company stood at 29.73 % while Institutions and Non-Institutions held 56.64 % and 10.27 % respectively.
The stock is currently trading above its 200 DMA.
No comments:
Post a Comment