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Karnataka Bank gains on reporting marginal rise in Q3 net profit

28 Jan 2015 Evaluate

The Karnataka Bank is currently trading at Rs. 146.50, up by 1.90 points or 1.31 % from its previous closing of Rs. 144.60 on the BSE.

The scrip opened at Rs. 148.00 and has touched a high and low of Rs. 150.30 and Rs. 144.65 respectively. So far 130951 shares were traded on the counter.

The BSE group 'A ' stock of face value Rs. 10 has touched a 52 week high of Rs. 157.20 on 03-Dec-2014 and a 52 week low of Rs. 91.20 on 04-Feb-2014.

Last one week high and low of the scrip stood at Rs. 156.00 and Rs. 141.90 respectively. The current market cap of the company is Rs. 2744.69 crore.

The Institutions and Non-Institutions held 31.10 % and 68.90 % respectively.

Karnataka Bank has registered a marginal gain of 0.22% in its net profit at Rs 106.94 crore for third quarter ended December 31, 2014 as compared to Rs 106.70 crore for the same quarter in the previous year. Total income of the bank has increased 17.09% at Rs 1364.69 crore for Q3FY15 as compared Rs 1165.54 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) improved to 3.44% in the October- December quarter as against 3.65% in the same quarter previous year, while net NPAs stood at 2.41%.

Peers
Company Name CMP
HDFC Bank 729.10
ICICI Bank 1337.10
Axis Bank 1240.90
Kotak Mahindra Bank 412.80
Indusind Bank 957.10
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