Axis Bank spurts as FIIs up their stake to 40.94% in March quarter

Axis Bank is currently trading at Rs 1296.65, up by 33.25 points or 2.63% from its previous closing of Rs 1263.40 on the BSE.

The scrip opened at Rs 1255.00 and has touched a high and low of Rs 1311.50 and Rs 1254.00 respectively. So far 141919 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1519.00 on 01-Feb-2013 and a 52 week low of Rs 922.00 on 18-May-2012.

Last one week high and low of the scrip stood at Rs 1273.90 and Rs 1195.00 respectively. The current market cap of the company is Rs 60958.09 crore.

The promoters holding in the company stood at 33.88% while Institutions and Non-Institutions held 49.48% and 8.48% respectively.

Foreign Institutional Investors (FIIs) have jacked up their stake in Axis Bank from 34.83% to 40.94% during the January-March 2013 quarter. Non-institutional investors (NIIs), which include small retail investors and HNIs, too upped their stake marginally in Axis Bank to 8.54% from 8.48% in December quarter.

Axis Bank is aiming to achieve over 30% growth in its home loans every year over the next two years to take its portfolio to Rs 50,000 crore by end of FY15. At present, the total home loan portfolio of the bank stands at Rs 30,000 crore.