Allahabad Bank is currently trading at Rs. 67.70, up by 0.15 points or 0.22% from its previous closing of Rs. 67.55 on the BSE.
The scrip opened at Rs. 67.75 and has touched a high and low of Rs. 68.10 and Rs. 67.20 respectively. So far 50885 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 92.50 on 12-May-2017 and a 52 week low of Rs. 57.00 on 27-Dec-2016.
Last one week high and low of the scrip stood at Rs. 73.80 and Rs. 66.60 respectively. The current market cap of the company is Rs. 5421.45 crore.
The promoters holding in the company stood at 65.92%, while Institutions and Non-Institutions held 21.89% and 12.20% respectively.
Allahabad Bank has raised Rs 100 crore Basel III compliant additional Tier-I capital through private placement of bonds. The bondholders will get a coupon rate of 11.85 percent per annum.
The bank’s board gave its approval to raise up to Rs 2,000 crore in tranches during 2017-18 that will go into its additional Tier-I capital.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.
| Company Name | CMP |
|---|---|
| SBI | 1019.55 |
| PNB | 107.20 |
| Canara Bank | 134.35 |
| Bank Of Baroda | 264.05 |
| Union Bank Of India | 166.15 |
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