Monday 20 June 2016

Axis Bank leaves the MCLRs unchanged; stock down 1.4%

The bank said that the bank's marginal cost of funds based lending rate (MCLR) for overnight loans, will be 8.95%. The rate for one month will be 9.05% and for three months it will be 9.25%.

Axis Bank slipped 1.4% to Rs.519.50. The bank said that the bank's marginal cost of funds based lending rate (MCLR) for overnight loans will be 8.95%. The rate for one month will be 9.05% and for three months it will be 9.25%.

The MCLR on 6-month loans will be 9.3% and for one-year loans the rate will be 9.35%, the bank said.

MCLR on two-year loans will be 9.45% and for three-year loans the rate will be 9.5%.

The scrip opened at Rs. 516 and has touched a high and low of Rs. 523.4 and Rs. 515.1 respectively. So far 3073809(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 125692.92 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. 535.05 and Rs. 516.5 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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