Thursday, 7 July 2016

Axis Bank clocks 1% gains on the bourses

Cabinet Committee on Economic Affairs allowed Axis Bank to raise foreign shareholding to 74% from the current 62%, which will bring in investment of around Rs.130 billion.

Axis Bank gained 1% to Rs.545 on BSE. Cabinet Committee on Economic Affairs allowed Axis Bank to raise foreign shareholding to 74% from the current 62%, which will bring in investment of around Rs.130 billion.

The scrip opened at Rs. 539.7 and has touched a high and low of Rs. 544.5 and Rs. 536 respectively. So far 750233(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 128817.48 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. 546.9 and Rs. 514.15 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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