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Corporation Bank gains on reporting 16% rise in Q3 net profit

10 Feb 2015 Evaluate

Corporation Bank is currently trading at Rs. 62.95, up by 0.30 points or 0.48% from its previous closing of Rs. 62.65 on the BSE.

The scrip opened at Rs. 63.20 and has touched a high and low of Rs. 65.35 and Rs. 62.55 respectively. So far 71012 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 83.50 on 09-Jun-2014 and a 52 week low of Rs. 44.02 on 24-Feb-2014.

Last one week high and low of the scrip stood at Rs. 70.40 and Rs. 60.85 respectively. The current market cap of the company is Rs. 5369.72 crore.

The promoters holding in the company stood at 63.33% while Institutions and Non-Institutions held 29.29% and 7.38% respectively.

Corporation Bank has reported a rise of 16.20% in its net profit at Rs 147.21 crore for the quarter under review as compared to Rs 126.69 crore for the same quarter in the previous year. Total income of the bank has increased by 5.30% at Rs 5209.54 crore for Q3FY15 as compared Rs 4947.34 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 4.88% in the October- December quarter as against 3.08% in the same quarter previous year, while net NPAs stood at 3.27%.

Peers
Company Name CMP
State Bank Of India 978.50
PNB 117.05
Bank Of Baroda 234.55
Canara Bank 125.90
Union Bank Of India 179.25
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