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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 August 22, 2014, Axis Bank closed at Rs 398.65, up Rs 0.90, or 0.23 percent. The 52-week high of the share was Rs 408.59 and the 52-week low was Rs 152.80.
The company's trailing 12-month (TTM) EPS was at Rs 27.46 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 14.52. The latest book value of the company is Rs 162.08 per share. At current value, the price-to-book value of the company is 2.46.
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