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State Bank of Mysore soars on reporting 30% rise in Q2 net profit

27 Oct 2015 Evaluate

State Bank of Mysore is currently trading at Rs. 438.40, up by 11.65 points or 2.73% from its previous closing of Rs. 426.75 on the BSE.

The scrip opened at Rs. 429.00 and has touched a high and low of Rs. 438.95 and Rs. 424.10 respectively. So far 5801 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 594.40 on 01-Dec-2014 and a 52 week low of Rs. 392.55 on 07-Sep-2015.

Last one week high and low of the scrip stood at Rs. 438.95 and Rs. 422.95 respectively. The current market cap of the company is Rs. 2090.98 crore.

The promoters holding in the company stood at 90.00% while Institutions and Non-Institutions held 3.14% and 6.86% respectively.

State Bank of Mysore has posted a rise of 29.52% in its net profit at Rs 131.98 crore for the quarter ended September 30, 2015 as compared to Rs 101.9 crore for the same quarter in the previous year. Total income from operation has increased by 3.65% at Rs 1969.96 crore for quarter under review as compared to Rs 1900.52 crore for the quarter ended September 30, 2014.

The bank’s gross NPA for the July-September quarter of the current fiscal improved to 4.91%, as compared to 5.07% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.22% in Q2FY16.

Peers
Company Name CMP
SBI 1035.05
PNB 108.80
Bank Of Baroda 281.00
Canara Bank 133.80
Union Bank Of India 175.85
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