Jan 28, 2013, 04.07 PM | Source: Reuters
Reuters Market Eye - Shares in Axis Bank gain 3 percent on expectations that its up to USD 1 billion share sale will attract solid demand.
"Axis Bank's QIP would easily get oversubscribed as its fundamentals are good. Money raised via QIP would translate into 10 times of credit growth for the bank," said G Chokkalingam, CIO, Centrum Wealth Management.
Axis Bank stock price
On May 27, 2016, Axis Bank closed at Rs 513.10, down Rs 6.1, or 1.17 percent. The 52-week high of the share was Rs 613.40 and the 52-week low was Rs 366.65.
The company's trailing 12-month (TTM) EPS was at Rs 34.47 per share as per the quarter ended March 2016. The stock's price-to-earnings (P/E) ratio was 14.89. The latest book value of the company is Rs 187.27 per share. At current value, the price-to-book value of the company is 2.74.
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