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Axis Bank gains on the BSE

Axis bank is currently trading at Rs 764.45, up by 2.35 points or 0.31 % from its previous closing of Rs. 762.85 on the BSE.

The scrip opened at Rs. 763.00 and has touched a high and low of Rs. 766.90 and Rs. 757.00 respectively. So far 44694 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 826.55 on 06-Jun-2019 and a 52 week low of Rs. 499.05 on 29-Jun-2018.

Last one week high and low of the scrip stood at Rs. 789.25 and Rs. 757.00 respectively. The current market cap of the company is Rs. 200369.61 crore.

The promoters holding in the company stood at 18.70%, while Institutions and Non-Institutions held 70.86% and 10.42% respectively.

Life Insurance Corporation of India (LIC) has sold over 5.25 crore shares, representing about 2 per cent stake, of Axis Bank through open market transaction. With the sale of these shares, stake of LIC in the bank has now come down to 10.2 per cent from 12.21 per cent earlier.

Axis Bank is the third largest private sector bank in India. The bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture and Retail Businesses.

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