Trending stocks: Axis Bank shares gain over 2% in early trade

NEW DELHI: Shares of Axis Bank Ltd. traded 2.34 per cent up in Wednesday's trade at 09:53AM (IST). Around 207413 shares changed hands on the counter. The stock opened at Rs 408.0 and touched an intraday high and low of Rs 417.15 and Rs 406.7, 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.

Financials
Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 114743.53 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 62.86 and price to book value of 1.56.