Axis Bank jumps after its board approves reclassification of NIACL as `public investor`
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Axis Bank is currently trading at Rs. 720.20, up by 12.35 points or 1.74% from its previous closing of Rs. 707.85 on the BSE.
The scrip opened at Rs. 711.35 and has touched a high and low of Rs. 726.85 and Rs. 707.00 respectively. So far 613429 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 800.00 on 16-Feb-2021 and a 52 week low of Rs. 333.05 on 22-May-2020.
Last one week high and low of the scrip stood at Rs. 726.85 and Rs. 650.65 respectively. The current market cap of the company is Rs. 220461.09 crore.
The promoters holding in the company stood at 13.58%, while Institutions and Non-Institutions held 74.70% and 11.69% respectively.
Public sector insurer The New India Assurance (NIACL) has been reclassified as a 'public shareholder' of Axis Bank from being a 'promoter' earlier. Last week, the country's third-largest private sector lender had received a request from NIACL to reclassify it to public category from promoter category investor.
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.
