/ Ways2Capital : Axis Bank Plunges 2.72% On Complaint Filed By UIDAI ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Monday, 27 February 2017

Stocks of Axis Bank on Monday plunged 2.72% to Rs 517.45 on the NSE. In a recent development, a complaint has been filed against India's third largest private-sector bank by UIDAI.

The UIDAI (Unique Identification Authority of India) has filed a criminal complaint against Suvidha Infoserve and eMUdhra alongwith Axis Bank. The complaints have been filed for allegedly storing biometrics and using them in an unauthorised manner. All the related transaction requests from these organisations have been put on hold.

The stock in a period of one year has delivered 32.88% returns. The stock has underperformed the BSE Bankex and outperformed the BSE Sensex in a period of one year. Axis Bank Ltd is currently trading at Rs 512.5, down by Rs 15.15 or 2.87% from its previous closing of Rs 527.65 on the BSE. The scrip opened at Rs 527.75 and has touched a high and low of Rs 527.75 and Rs 511.5 respectively. So far 4042713(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 126249.57 crore.
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