Axis Bank slips 2.7% ahead of Q3 nos

The bank is scheduled to announce its December quarter earnings today.

Axis Bank slipped 2.7% to Rs.382.55 on BSE. The bank is scheduled to announce its December quarter earnings today. According to IIFL estimates, the bank will report net profit around Rs. 2243.9 crore at growth rate of 18.1 % on Y-o-Y basis and 17.1 % on Q-o-Q basis.

The scrip opened at Rs. 387 and has touched a high and low of Rs. 387 and Rs. 378.35 respectively. So far 2614146(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 93527.44 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 655.35 on 04-Mar-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. 410.9 and Rs. 366.65 respectively.

The promoters holding in the company stood at 29.54 % while Institutions and Non-Institutions held 56.66 % and 9.93 % respectively.

The stock is currently trading above its 200 DMA.