Andhra Bank gains on inaugurating 1700th branch at Nanakramguda

Andhra Bank - (Amalgamated) | Bank - Public | BFSI | BSE: 532418 | NSE: ANDHRABANK

02 Jan 2012 Evaluate

Andhra Bank is currently trading at Rs. 80.05, up by 0.10 points or 0.13% from its previous closing of Rs. 79.95 on the BSE.

The scrip opened at Rs. 80.40 and has touched a high and low of Rs. 80.80 and Rs. 80.00 respectively. So far 5932 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 159.00 on 06-Apr-2011 and a 52 week low of Rs. 79.00 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 85.00 and Rs. 79.00 respectively. The current market cap of the company is Rs. 4493.43 crore.

The promoters holding in the company stood at 58.00% while Institutions and Non-Institutions held 28.88% and 13.12% respectively.

Andhra Bank, the 88-year-old public sector bank has inaugurated its 1700th branch at Nanakramguda financial district. The bank also set up an e-banking centre at the Vidyanagar branch in the State Capital. The branch and e-banking centre was formally inaugurated by R. Ramachandran, chairman and managing director, Andhra Bank on December 31, 2011.

Recently, Andhra Bank has opened modern staff college on a five-acre plot in the financial district, Nanakramguda, Hyderabad, for giving training to its employees.

The bank’s net profit for the second quarter of the current fiscal has increased 4.34% at Rs 316.12 crore as compared to Rs 302.97 crore for the corresponding quarter of the last year. The bank’s total income has rose 38.83% at Rs 2960.32 crore for the quarter under review as compared to Rs 2132.33 crore for the second quarter of the previous year.

Andhra Bank-Amalgama Share Price

15.55 0.00 (0.00%)

19-Mar-2020 18:01 View Price Chart

Peers

Company Name	CMP
SBI	979.65
PNB	105.65
Bank Of Baroda	271.35
Canara Bank	133.00
Union Bank Of India	166.55
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