Karur Vysya Bank is currently trading at Rs. 382.00, up by 5.75 points or 1.53% from its previous closing of Rs. 376.25 on the BSE.
The scrip opened at Rs. 375.00 and has touched a high and low of Rs. 382.00 and Rs. 375.00 respectively. So far 3,721 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 479.15 on 15-Jul-2011 and a 52 week low of Rs. 322.30 on 28-Dec-2011.
Last one week high and low of the scrip stood at Rs. 382.00 and Rs. 375.00 respectively. The current market cap of the company is Rs. 5,178.00 crore.
The promoters holding in the company stood at 3.26% while Institutions and Non-Institutions held 27.89% and 68.86% respectively.
Mahindra & Mahindra (M&M), India’s leading SUV manufacturer, has inked a preferred financier agreement with Karur Vysya Bank to help customers avail vehicle finance services from any branch of the bank. With this tie-up, both M&M and Karur Vysya Bank will leverage their inherent strengths of each other's vast network of over 250 dealerships and 450 plus branches, respectively.
The MOU was signed by General Manager of the bank and Senior General Manager - Sales South, of M&M in the presence of MD and CEO and President and COO of the bank.
Recently, M&M had reported a 25% rise in its auto sales numbers, which stood at 47001 units during March 2012 as against 37522 units during March 2011. This was the highest ever monthly sales number in the history of the company.
Karur Vysya Bank is among 6 old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.90 |
| ICICI Bank | 1347.50 |
| Axis Bank | 1359.15 |
| Kotak Mahindra Bank | 383.50 |
| Indusind Bank | 853.15 |
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