Decent Q4 numbers strengthens Corporation Bank

07 May 2012 Evaluate

Corporation Bank is currently trading at Rs. 390.90, up by 5.60 points or 1.45% from its previous closing of Rs. 385.30 on the BSE.

The scrip opened at Rs. 386.00 and has touched a high and low of Rs. 392.00 and Rs. 385.00 respectively. So far 22479 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 575.00 on 06-May-2011 and a 52 week low of Rs. 335.50 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 417.40 and Rs. 378.40 respectively. The current market cap of the company is Rs. 5790.37 crore.

The promoters holding in the company stood at 58.52% while Institutions and Non-Institutions held 35.06% and 6.41% respectively.

The bank has posted a rise of 1.72% in its net profit at Rs 351.26 crore for the quarter ended March 31, 2012 as compared to Rs 345.33 crore for the same quarter in the previous year.   Total income has increased by 32.35% at Rs 4009.17 crore for quarter under review as compared Rs 3029.21 crore for the quarter ended March 31, 2011

For the full year ended March 31, 2012, the bank has posted a rise of 6.56% in its net profit at Rs 1506.04 crore for the year ended March 31, 2012 as compared to Rs 1413.26 crore for the same period in the previous year.  Total income has increased by 39.64% at Rs 14510.40 crore for year under review as compared to Rs 10391.12 crore for the period ended March 31, 2011.

On the consolidated basis, the bank has posted a rise of 6.92% in its net profit at Rs 1518.38 crore for the year ended March 31, 2012 as compared to Rs 1420.11 crore for the same period in the previous year. Total income has increased by 39.65% at Rs 14524.55 crore for year under review as compared to Rs 10400.58 crore for the period ended March 31, 2011. 

Corp. Bank-Amalgamat Share Price

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Peers
Company Name CMP
SBI 821.30
Bank Of Baroda 262.50
PNB 126.15
Canara Bank 114.50
Union Bank Of India 141.15
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