Axis Bank trades in green on the bourses

Axis Bank is currently trading at Rs. 760.15, up by 0.95 points or 0.13% from its previous closing of Rs. 759.20 on the BSE.

The scrip opened at Rs. 759.40 and has touched a high and low of Rs. 761.95 and Rs. 753.50 respectively. So far 177423 shares were traded on the counter.

axis bank to acquire citi for rs 12325 crore
Axis Bank

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 866.60 on 25-Oct-2021 and a 52 week low of Rs. 618.10 on 23-Jun-2022.

Last one week high and low of the scrip stood at Rs. 761.95 and Rs. 728.25 respectively. The current market cap of the company is Rs. 233071.08 crore.

The promoters holding in the company stood at 9.70%, while Institutions and Non-Institutions held 78.05% and 12.25% respectively.

Axis Bank had become the first Indian bank to launch Axis Receivables Suite (ARS) – an innovative Cash Management proposition that simplifies Receivables reconciliation, accelerates cash flow, enhances client experience and reduces cost of doing business. ARS is an end-to-end proposition, along with a mobile app to automate reconciliation of receivables against sales invoices raised by clients.

Using ARS, Axis Bank clients can customize and automate fully what has traditionally been a very time consuming, costly, manual and error-prone activity. Clients also benefit from knowing their upcoming/pending payments and gives them real-time control over all their receivables.

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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