Axis Bank signs agreement with Mswipe Tech

India Infoline News Service | Mumbai | June 21, 2017 10:49 IST

Axis Bank signed an agreement for sale of 1,90,500 equity shares of face value of Rs 1 per share of Mswipe Technologies Private Limited at Rs 4,249 per share, resulting in a total cash consideration of Rs 80.94 crore.

Axis Bank signed an agreement for sale of 1,90,500 equity shares of face value of Rs 1 per share of Mswipe Technologies Private Limited at Rs 4,249 per share, resulting in a total cash consideration of Rs 80.94 crore.
 
The stock was losing its sheen in the morning hours on Wednesday. It touched intraday low of Rs 508.9 per share down by 0.5%. Meanwhile, Bank Nifty was trading lower by 34 points at 23,663 level.
 
Other bank stocks including IndusInd Bank, Yes Bank, Federal Bank, ICICI Bank and HDFC Bank were trading in the negative territory dragging down the Bank Nifty index. HDFC is the top contributor to the Sensex losses.
 
Stock View:
 
Axis Bank Ltd is currently trading at Rs 509.45, down by Rs 2.35 or 0.46% from its previous closing of Rs 511.8 on the BSE.
 
The scrip opened at Rs 511.8 and has touched a high and low of Rs 512.3 and Rs 508.8 respectively. So far 1119711(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 122672.19 crore.
 
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 638 on 07-Sep-2016 and a 52 week low of Rs 424.6 on 10-Jan-2017. Last one week high and low of the scrip stood at Rs 525 and Rs 501.7 respectively.
 
The promoters holding in the company stood at 28.76 % while Institutions and Non-Institutions held 56.69 % and 10.01 % respectively.
 
The stock is currently trading above its 50 DMA.

***Note: This is a NSE Chart

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

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