Trending stocks: Axis Bank shares slip over 4% in early session

NEW DELHI: Shares of Axis Bank Ltd. traded 4.49 per cent down in Wednesday 's trade at 09:55AM (IST).
Around 536473 shares changed hands on the counter. The stock opened at Rs 432.0 and touched an intraday high and low of Rs 445.35 and Rs 427.5 , respectively, in the session so far.

The stock quoted a 52-week high of Rs 827.75 and a 52-week low of Rs 291.3 .


Axis Bank on Tuesday posted a net loss of Rs 1,387.78 crore for the quarter ended March 31 against a net profit of Rs 1,505.06 crore in the same period last year.


Financials
Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 128548.69 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 15.691974 per cent stake in the company as of quarter ended 31st Mar 2020 .

Valuation ratio
It quoted a price-to-earnings ratio of 66.91 and price to book value of 1.66 .