Axis Bank rose 1.61% to Rs 495.05 at 9:35 IST on BSE after the bank said that it has raised senior notes in the international market.
The announcement was made after market hours yesterday, 27 March 2017.Meanwhile, the S&P BSE Sensex was up 135.83 points or 0.46% at 29,372.98.
On the BSE, 79,468 shares were traded on the counter so far as against the average daily volumes of 6.32 lakh shares in the past one quarter. The stock had hit a high of Rs 497.75 and a low of Rs 490.15 so far during the day.
The stock had hit a 52-week high of Rs 638 on 7 September 2016 and a 52-week low of Rs 417.55 on 11 April 2016. The stock had underperformed the market over the past one month till 27 March 2017, sliding 4.25% compared with the Sensex's 1.47% rise. The scrip had also underperformed the market over the past one quarter, gaining 11.37% as against the Sensex's 11.53% rise.
The large-cap bank has equity capital of Rs 478.84 crore. Face value per share is Rs 2.
Axis Bank said that its board of directors passed a resolution approving the allotment of 3 year senior floating rate notes aggregating to $10 million under the medium term note (MTN) programme through its Dubai International Financial Centre (DIFC) branch.
Axis Bank's net profit dropped 73.4% to Rs 579.57 crore on 15.7% growth in total income to Rs 14501.21 crore in Q3 December 2016 over Q3 December 2015.
Axis Bank is one of the biggest private sector banks in India.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
