Axis Bank Ltd (AXBK.NS)
4 Dec 2013
|Market Cap (Mil.):||Rs560,094.19|
|Shares Outstanding (Mil.):||469.23|
MUMBAI - Shares in Axis Bank Ltd rose more than 2 percent on Monday after exchange operator BSE Ltd said it will include the lender in its benchmark BSE Sense starting on December 23.
MUMBAI, Nov 25 - Shares in India's Axis Bank Ltd rose more than 2 percent on Monday after exchange operator BSE Ltd said it will include the lender in its benchmark BSE index starting on Dec. 23.
* Morgan Stanley upgrades Axis Bank Ltd to "overweight" from "equal-weight" and raises its target to 1,300 rupees from 1,000 rupees, citing reduced loan exposure to problem sectors such as infrastructure over the last 12-15 months. * While the brokerage house says Axis is still exposed to a weaker economy, the reduced exposure to problem sectors coupled with a better balance sheet implies the bank's ability to withstand stress is very high. * Morgan Stanley also adds valuation multiples for Axis
MUMBAI, Sept 2 - Indian shares rose on Monday to their highest close in nearly 2-1/2 weeks as some blue chips recovered from recent steep falls while ITC jumped after a UBS report said the company had raised prices for some of its cigarette brands.
* Shares in Axis Bank Ltd and IDFC Ltd gain as last week's selling, sparked by their exclusion from MSCI indices, is seen as overdone, traders say. * Axis Bank Ltd dropped 15 percent last week, its biggest weekly fall since July 2009, ahead of its exclusion from MSCI standard and large cap indexes that was due to be effective starting on Monday. * IDFC fell 22.4 percent in the previous week as MSCI on Monday said the company would be deleted from its global standard indexes effective Sept. 2,
* European funds are selling shares of Indian private banks such as ICICI Bank Ltd and Axis Bank Ltd, according to three institutional dealers who service buyside investors. * The NSE Bank index has fallen 25 percent since mid-July, when the RBI started tightening liquidity. * Traders say the continued selling in banking shares is a concern given foreign investors have high ownership of Indian banks. * Both ICICI Bank and Axis Bank have a nearly 40 percent foreign holding, according to exchang
Reuters Market Eye - Shares in Axis Bank fall 8.8 percent after MSCI said it would exclude the bank from its standard and large cap indexes.
* Axis Bank Ltd has been dropped from the MSCI standard and large cap indexes effective Sept. 2, as per an announcement on its website on Thursday as part of its August quarterly index review. * The index provider has added Mahindra and Mahindra Financial Services Ltd to its emerging markets and India indexes, effective from the close of Aug. 30. (email@example.com /; firstname.lastname@example.org)
MUMBAI - Indian private-sector lender Axis Bank expects its net interest margins (NIM) to slip in the current financial year, from 3.86 percent in the June quarter, a senior executive told reporters on Thursday.
REUTERS - Private sector lender Axis Bank Ltd posted on Thursday a higher-than-expected 22.5 percent increase in quarterly net profit, helped by higher interest income, and a marginal increase in bad loans cheered investors.