Andhra Bank is currently trading at Rs. 59.30, up by 0.85 points or 1.45% from its previous closing of Rs. 58.45 on the BSE.
The scrip opened at Rs. 58.45 and has touched a high and low of Rs. 59.45 and Rs. 58.45 respectively. So far 103797 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 71.05 on 20-Oct-2015 and a 52 week low of Rs. 41.75 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 61.45 and Rs. 57.40 respectively. The current market cap of the company is Rs. 4032.49 crore.
The promoters holding in the company stood at 61.26%, while Institutions and Non-Institutions held 22.68% and 16.05% respectively.
Andhra Bank has opened the sale of Sovereign Gold Bond (SGB) Scheme Tranche-V as part of 2016-17 series-II notified by the Government of India for public subscription from September 1-9, 2016 at all its branches.
The bonds will be restricted for sale to resident Indian entities, including individuals, HUFs, Trusts, Universities and Charitable Institutions who can apply for gold bonds (minimum one gram and maximum of 500 grams). Tenor of the bonds is eight years with a provision for premature cancellation after 5 years.
The Gold Bond Scheme enables people to invest in gold without physically buying the gold and receive money equivalent to the market value of gold as determined by RBI at the time of redemption besides earning interest on the invested amount semi-annually.
