Axis Bank is currently trading at Rs. 1416.75, up by 32.65 points or 2.36% from its previous closing of Rs. 1384.10 on the BSE.
The scrip opened at Rs. 1385.00 and has touched a high and low of Rs. 1432.50 and Rs. 1376.60 respectively. So far 221648 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1432.50 on 16-Jan-2013 and a 52 week low of Rs. 922.00 on 18-May-2012.
Last one week high and low of the scrip stood at Rs. 1408.70 and Rs. 1372.10 respectively. The current market cap of the company is Rs. 60976.47 crore.
The promoters holding in the company stood at 35.53% while Institutions and Non-Institutions held 45.91% and 9.73% respectively.
Axis Bank is likely to launch its qualified institutional placement (QIP) in the next two days to raise Rs 6,000 crore, according to a report. India’s third largest private sector lender will raise the said amount by issuing 4.52 crore shares to institutional investors. This would mean a pre-issue dilution of 10.5 percent to the total shareholding of 4.27 crore shares.
The bank is also likely to allot proportionate shares on preferential basis to LIC as well. The price band of the issue is expected to between Rs 1,345 and 1,395 per share. JP Morgan and Citigroup are the likely bankers to the issue.
The bank, back in December 2012, had received board’s approval to raise funds about Rs 6,228 crore by offering 4.58 crore shares by various means, including Qualified Institutional Placement (QIP) or Global Depository Receipt (GDR).
The bank reported 22.22% rise in its net profit at Rs 1347.22 crore for third quarter ended December 31, 2012 as compared to Rs 1102.27 crore for the same quarter in the previous year. Total income of the bank has increased by 19.06% at Rs 8580.30 crore for quarter under review as compared to Rs 7206.77 crore for the quarter ended December 31, 2011.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1714.85 |
| ICICI Bank | 1265.85 |
| Axis Bank | 1069.45 |
| Kotak Mahindra Bank | 1785.00 |
| Indusind Bank | 973.85 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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