Andhra Bank is currently trading at Rs 117.50, up by 3.45 points or 3.02% from its previous closing of Rs 114.05 on the BSE.
The scrip opened at Rs 113.75 and has touched a high and low of Rs 117.95 and Rs 105.10 respectively. So far 256434 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 147.90 on 03-Jun-2011 and a 52 week low of Rs 79.00 on 29-Dec-2011.
Last one week high and low of the scrip stood at Rs 119.50 and Rs 105.10 respectively. The current market cap of the company is Rs 6491.13 crore.
The promoters holding in the company stood at 58.00% while Institutions and Non-Institutions held 28.71% and 13.28% respectively.
Hyderabad-based Andhra Bank’s net profit has increased by 8.59% at Rs 339.67 crore for the quarter as compared to Rs 312.78 crore for the similar quarter of previous fiscal. Bank’s total income has registered a growth of 21.27% in its Q4FY12 to Rs 3228.90 crore as compared to Rs 2662.48 crore for Q4FY11.
For the 2011-12 fiscal, the bank reported a profit of Rs 1344.67 crore, up by 6.12% over the previous year’s net profit of Rs 1267.07 crore. The bank’s total income has increased by 32.76% to Rs 12198.66 crore for the year ended March 31, 2012 from Rs 9188.23 crore for the previous year.
The bank’s board of directors at its meeting held on May 07, 2012, has recommended a dividend of Rs 5.50 per share for the year 2011-12.
The bank has recently decided to revise the Base Rate and benchmark prime lending rate (BPLR) downwards by 25 basis points (bps) with effect from May 01, 2012. The Base Rate has been revised from 10.75% per annum to 10.50% per annum and BPLR is revised from 15.00% per annum to 14.75% per annum.
| Company Name | CMP |
|---|---|
| SBI | 1107.60 |
| PNB | 113.75 |
| Canara Bank | 142.70 |
| Bank Of Baroda | 280.85 |
| Union Bank Of India | 189.05 |
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