Karnataka Bank is currently trading at Rs 83.70, up by 4.40 points or 5.55% from its previous closing of Rs 79.30 on the BSE.
The scrip opened at Rs 81.00 and has touched a high and low of Rs 84.80 and Rs 81.00 respectively. So far 238270 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 142.94 on 25-Jan-2011 and a 52 week low of Rs 64.00 on 29-Dec-2011.
Last one week high and low of the scrip stood at Rs 84.90 and Rs 75.25 respectively. The current market cap of the company is Rs 1581.42 crore.
The Institutions and Non-Institutions held 29.72% and 70.28% stake in the company respectively.
Karnataka Bank has recorded a growth of 86.71% in net profit quarter ended December 31, 2011 at Rs 72.05 crore as against Rs 38.59 crore in the corresponding period of the previous fiscal. Total income of the lender rose by 32.5% to Rs 882.72 crore during the October-December quarter, against Rs 668.45 crore in the same period last year.
The bank’s gross NPA for the December quarter of the current fiscal stood at 4.00%, while the same was at 3.83% for the corresponding quarter of the previous fiscal. Meanwhile, bank’s Net NPA stood at 2.23% as compared to 1.18% in the same quarter of the previous year.
