Stock market news: Axis Bank shares trade flat in early session

Stock market news: Axis Bank shares trade flat in early session
ETMarkets.com
Synopsis

Shares of Axis Bank Ltd. traded 0.2 per cent up in trade at 11:15AM on Tuesday.

The stock quoted a 52-week high of Rs 827.75 and a 52-week low of Rs 286.

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NEW DELHI: Shares of Axis Bank Ltd. traded 0.2 per cent up in Tuesday's trade at 11:15AM (IST). Around 172283 shares changed hands on the counter. The stock opened at Rs 460.7 and touched an intraday high and low of Rs 462.35 and Rs 457.25, 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.

Financials
Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 141007.84 Crore).

Axis Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 48302.97 Crore to Sales Value (77.11 per cent of Total Sales), Income From Investment which contributed Rs 11246.03 Crore to Sales Value (17.95 per cent of Total Sales), Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 1990.90 Crore to Sales Value (3.17 per cent of Total Sales) and Interest which contributed Rs 1095.26 Crore to Sales Value (1.74 per cent of Total Sales)for the year ending 31-Mar-2020.

Promoter holding
Promoters held 14.47 per cent stake in the company as of quarter ended 31st Jun 2020.

Valuation ratio
It quoted a price-to-earnings ratio of 83.2 and price to book value of 1.5.
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