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Allahabad Bank is currently trading at Rs. 146.00, up by 0.80 points or 0.55% from its previous closing of Rs. 145.20 on the BSE.
The scrip opened at Rs. 144.35 and has touched a high and low of Rs. 146.90 and Rs. 142.95 respectively. So far 106982 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 211.40 on 22-Feb-2012 and a 52 week low of Rs. 103.00 on 22-Aug-2012.
Last one week high and low of the scrip stood at Rs. 150.50 and Rs. 136.50 respectively. The current market cap of the company is Rs. 7282.88 crore.
The promoters holding in the company stood at 55.24% while Institutions and Non-Institutions held 32.66% and 12.09% respectively.
Credit rating agency, CARE has reaffirmed AA+ rating to Allahabad Bank’s Tier-II Bonds (Series V to IX) worth Rs 2411.9 crore. The rating agency has also reaffirmed AA rating to the bank’s Upper Tier-II Bonds (Series I & II) worth Rs 1000 crore and Perpetual Debt (Series I) worth Rs 300 crore.
The bank has received the said rating reaffirmation on the back of its strong parentage & long standing track record of over 147 years, strong growth in advances, stable investment profile, satisfactory proportion of low cost deposits, comfortable ALM profile, adequate Capital Adequacy Ratio (CAR), acceptable asset quality despite rise in slippages and satisfactory financial parameters.
Allahabad Bank is one of the leading commercial bank with GoI holding about 55.24% equity stake in the bank. As on March 31, 2012, it had a network of 2,517 branches (including one international branch) with major concentration in the states of UP, West Bengal, Bihar and MP.
| Company Name | CMP |
|---|---|
| SBI | 829.90 |
| Canara Bank | 118.90 |
| PNB | 125.05 |
| Bank Of Baroda | 270.70 |
| Union Bank Of India | 146.65 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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