Axis Bank slips below Rs 1,000 mark

On BSE, stocks of Axis Bank are trading 5.8% low at Rs 994

Shares of Axis Bank, India's third largest private lender, has slipped below Rs 1,000 mark in today's trade. Last the counter traded below this level was in September, 2012.

On the BSE, stocks of Axis Bank are trading 5.8% low at Rs 994. It bounced back after tasting day's lowest point of Rs 987.8.

The fall in Axis Bank's shares have been one of the sharpest among private lenders. In the last three months, after hitting a 52-week high of Rs 1,549 early this year in May. However, since then the counter has lost a whopping over 36%.