Syndicate Bank is currently trading at Rs. 71.00, up by 0.30 points or 0.42% from its previous closing of Rs. 70.70 on the BSE.
The scrip opened at Rs. 71.00 and has touched a high and low of Rs. 71.20 and Rs. 70.90 respectively. So far 1,700 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 107.00 on 18-Aug-2015 and a 52 week low of Rs. 49.40 on 17-Feb-2016.
Last one week high and low of the scrip stood at Rs. 76.20 and Rs. 69.90 respectively. The current market cap of the company is Rs. 5,665.35 crore.
The promoters holding in the company stood at 69.32%, while Institutions and Non-Institutions held 19.02% and 11.66% respectively.
Syndicate Bank has entered into a tie-up with National Collateral Management Services (NCML) to provide funding for farmers and traders against their commodities stored at warehouses. The objective is to assist industries, traders and farmers in financing their capital requirements at all stages of the supply chain, ranging from pre-harvesting to marketing and export stages.
The bank has reported 73.79% fall in its net profit at Rs 79.13 crore for first quarter ended June 30, 2016 as compared to Rs 301.98 crore for the same quarter in the previous year. Total income of the bank increase by 1.51% at Rs 6419.12 crore for Q1FY17 for quarter under review from Rs 6323.42 crore for the corresponding quarter previous year.
The bank’s gross NPA for the April-June quarter of the current fiscal increased to 7.53%, as compared to 3.72% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 5.04% in Q1FY17.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
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