Trending stocks: Axis Bank shares gain nearly 1%

NEW DELHI: Shares of Axis Bank Ltd. traded 0.76 per cent up in Friday's trade at 10:43AM (IST). Around 546008 shares changed hands on the counter. The stock opened at Rs 430.0 and touched an intraday high and low of Rs 430.7 and Rs 423.6, 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 bank it has decided to wind down its UK subsidiary and the move will not have any material impact on its financial position.


Financials
Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 120118.83 Crore).

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 64.82 and price to book value of 1.61.