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Karnataka Bank trades higher on the bourses

23 Feb 2018 Evaluate

Karnataka Bank scrip is currently trading at Rs. 132.40, up by 2.95 points or 2.28% from its previous closing of Rs. 129.45 on the BSE.

The scrip opened at Rs. 129.80 and has touched a high and low of Rs. 132.90 and Rs. 129.00 respectively. So far 79,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 181.15 on 02-Jun-2017 and a 52 week low of Rs. 127.90 on 23-Feb-2017.

Last one week high and low of the scrip stood at Rs. 134.95 and Rs. 128.10 respectively. The current market cap of the company is Rs. 3743.13 crore.

The Institutions holding in the company stood at 29.80% and Non-Institutions held at 70.20%.

Macquarie Emerging Markets Asian Trading has sold 17,48,000 shares of Karnataka Bank. The company has offloaded these shares at Rs 128.72 per share on the NSE on February 22, 2018.

Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.