Wednesday, 1 June 2016

Axis Bank gains1.5% after RBI allows RFP+ Is to buy up to 62% stake

The bank received approval from RBI - FIIs / RFPIs can invest up to 62% under Portfolio Investment Scheme (PIS).

Axis Bank gained 1.5% to Rs.524 on BSE.  The bank received approval from RBI - FIIs / RFPIs can invest up to 62% under Portfolio Investment Scheme (PIS).

The scrip opened at Rs. 525 and has touched a high and low of Rs. 529.5 and Rs. 521.5 respectively. So far 2377840(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 123016.47 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. 525 and Rs. 492 respectively.

The promoters holding in the company stood at 29.73 % while Institutions and Non-Institutions held 56.64 % and 10.27 % respectively.

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