Karnataka Bank is currently trading at Rs. 123.55, up by 1.15 points or 0.94% from its previous closing of Rs. 122.40 on the BSE.
The scrip opened at Rs. 123.40 and has touched a high and low of Rs. 124.45 and Rs. 122.85 respectively. So far 84,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 134.15 on 24-Oct-2016 and a 52 week low of Rs. 69.07 on 29-Feb-2016.
Last one week high and low of the scrip stood at Rs. 124.45 and Rs. 113.25 respectively. The current market cap of the company is Rs. 3,491.60 crore.
The Institutions and Non-Institutions held 28.73% and 71.27% respectively in the bank.
Karnataka Bank has entered into a Memorandum of Understanding (MoU) with Daimler India Commercial Vehicles (DICV) for extending finance facilities to customers to purchase commercial vehicles manufactured by the company. Following this, DICV has nominated Karnataka Bank as preferred financier for extending finance to purchase of commercial vehicles manufactured by the company.
DICV is one of the leading manufacturing Companies of commercial vehicles in India with a Pan-India presence. Bharat Benz is the Indian truck brand of Daimler AG, the world’s largest Commercial Vehicle manufacturer and inventor of the truck.
