Trending stocks: Axis Bank share price down over 1%

NEW DELHI: Shares of Axis Bank traded 1.0 per cent down in Wednesday 's trade at 11:32AM (IST).

Around 1221342 shares changed hands on the counter. The stock opened at Rs 385.0 and touched an intraday high and low of Rs 392.95 and Rs 368.1 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 827.75 and a 52-week low of Rs 286.0 .


The government is seeking to raise around to Rs 22,000 crore by selling its entire stake in FMCG–hospitality–cigarette major ITC and Axis Bank, one of the leading private sector lenders.


Financials
Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 109829.50 Crore).

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets).

Axis Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 41322.02 Crore to Sales Value (75.15 % of Total Sales), Income From Investment which contributed Rs 11349.07 Crore to Sales Value (20.64 % of Total Sales) and Interest which contributed Rs 1621.33 Crore to Sales Value (2.94 % of Total Sales)for the year ending 31-Mar-2019.

Promoter holding
Promoters held 15.69 per cent stake in the company as of quarter ended 31st Mar 2020 .

Valuation ratio
It quoted a price-to-earnings ratio of 59.01 and price to book value of 1.47 .