The South Indian Bank is currently trading at Rs 32.90, up by 0.20 points or 0.61% from its previous closing of Rs 32.70 on the BSE.
The scrip opened at Rs 32.90 and has touched a high and low of Rs 33.00 and Rs 32.50 respectively. So far 555062 shares were traded on the counter.
The BSE group 'A ' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.05 on 07-Jul-2014 and a 52 week low of Rs. 18.95 on 04-Sep-2013.
Last one week high and low of the scrip stood at Rs 34.50 and Rs 31.85 respectively. The current market cap of the company is Rs 4428.52 crore.
The Institutions and Non-Institutions held 53.71% and 46.29% respectively.
South Indian Bank has received an approval to augment the paid-up capital by issue of equity shares not exceeding Rs 20 crore in nominal value through Qualified Institutional Placement (QIP). The price and time of the issue will be intimated in due course. The board of directors at its meeting held on July 16, 2014, has approved for the same.
The bank’s net profit for the quarter ended June 30, 2014 rose by 10.28% at Rs 126.65 crore as compared to Rs 114.84 crore for the quarter ended June 30, 2013. Its total Income has increased by 9.15% to Rs 1465.84 crore for the quarter under review from Rs 1342.88 crore for the corresponding quarter of the previous year.
The bank’s gross NPA for the April-June quarter of the current fiscal stood at 1.50%, as compared to 1.57% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 0.91% in Q1FY15 as compared to 1.12% in the same quarter of the previous year.
