Allahabad Bank is currently trading at Rs. 67.85, up by 0.15 points or 0.22% from its previous closing of Rs. 67.70 on the BSE.
The scrip opened at Rs. 68.05 and has touched a high and low of Rs. 68.05 and Rs. 67.75 respectively. So far 5936 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. 68.30 and Rs. 65.65 respectively. The current market cap of the company is Rs. 5417.45 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 is planning to raise Rs 2000 crore through various modes of securities. In this regards, the company’s share issue and allotment committee of the board of directors will meet on October 13.
Recently, the bank waived off the processing fee on its home and car loans as part of its festive offering ‘AllBank Utsav’. The waiver of processing fee will be valid from October 1, 2017 to March 31, 2018.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.
