Allahabad Bank is currently trading at Rs. 64.70, up by 0.95 points or 1.49% from its previous closing of Rs. 63.75 on the BSE.
The scrip opened at Rs. 62.00 and has touched a high and low of Rs. 65.50 and Rs. 59.40 respectively. So far 1363683 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 99.30 on 18-Aug-2015 and a 52 week low of Rs. 39.50 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 64.30 and Rs. 56.35 respectively. The current market cap of the company is Rs. 4681.64 crore.
The promoters holding in the company stood at 61.38%, while Institutions and Non-Institutions held 24.23% and 14.39% respectively.
State-run Allahabad Bank is targeting to attain 20% growth in its retail lending book in FY17. The bank is aiming the same on expectation of consumption-led economic growth this fiscal with higher government spending on salaries.
Sticky loans originating from the corporate sector pulled back banks’ profitability thereby pushing the lenders to compete with each other to grab a higher retail loan share. Allahabad Bank, which reported Rs 743 crore loss in the fiscal 2015-16 on deteriorating asset quality, will be chasing gains especially from housing loans and gold loans.
| Company Name | CMP |
|---|---|
| State Bank Of India | 1096.05 |
| PNB | 114.70 |
| Bank Of Baroda | 250.00 |
| Canara Bank | 131.50 |
| Union Bank Of India | 183.35 |
| View more.. | |
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