Stock market analyst Simi Bhaumik has maintained 'Sell' rating on Axis Bank stock with intra-day target of Rs 1196.

According to analyst, the investors can sell the stock with stop loss of Rs 1234.

Today, the stock opened at Rs 1222 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1318 and a low of Rs 710 on BSE.

Current EPS & P/E ratio stood at 62.06 and 19.48 respectively.

AXIS Bank, the country's third biggest bank, declared that its board has approved the allotment of senior notes aggregating to SGD 40 million under the MTN program via its Hong Kong division.

Axis Bank Hong Kong has offers for both the retail as well as business segments.

Under Retail Banking, the banking institution provides various deposit products whereas business services comprise business lending, trade finance, treasury, commercial and correspondent banking services.

Axis Bank provides a huge variety of services comprising large and mid-corporate banking, SME banking, agri-business banking, retail banking and international banking.

The bank has presence in Singapore, Hong Kong, Shanghai and Dubai, and aims to strengthen further its global presence.

Moreover, the bank has the second biggest EDC network, the third major ATM network in the country (India) and also has the fourth biggest base of debit cards in India.