Meanwhile, the BSE Sensex was down 113.35 points or 0.58% at 19,340.57.
On BSE, 3,253 shares were traded in the counter as against average daily volume of 2.41 lakh shares in the past one quarter.
The stock hit a high of Rs 1,314.35 and a low of Rs 1,306.10 so far during the day. The stock had hit a 52-week low of Rs 784.50 on 2 January 2012. The stock had hit a 52-week high of Rs 1,377 on 6 December 2012.
The large-cap private sector bank has equity capital of Rs 427.16 crore. Face value per share is Rs 10.
Shares of Axis Bank have fallen 3.51% in four trading sessions from Rs 1359.75 on 17 December 2012, after the private sector bank at the fag end of the trading hours on 17 December 2012, said its board of directors has approved raising Tier-I capital of the bank by issue of equity shares not exceeding 4.58 crore equity shares through GDRs/QIP issue and preferential issue to promoters of the bank. If one assumes that the bank issues 4.58 crore fresh equity shares, it will result in equity dilution of 10.7%.
Axis Bank's net profit rose 22.1% to Rs 1123.54 crore on 27.2% growth in total income to Rs 8280.29 crore in Q2 September 2012 over Q2 September 2011.
Axis Bank provides commercial banking services which include merchant banking, direct finance, infrastructure finance, venture capital fund, advisory, trusteeship, forex, treasury, investment banking, insurance, credit cards, mortgage financing, depository services and other related financial services
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