Andhra Bank is currently trading at Rs. 101.40, up by 0.60 points or 0.60 % from its previous closing of Rs. 100.80 on the BSE.
The scrip opened at Rs. 101.80 and has touched a high and low of Rs. 102.40 and Rs. 99.95 respectively. So far 74643 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 138.50 on 13-Mar-2012 and a 52 week low of Rs. 89.70 on 31-Aug-2012.
Last one week high and low of the scrip stood at Rs. 101.00 and Rs. 90.55 respectively. The current market cap of the company is Rs. 5679.74 crore.
The promoters holding in the company stood at 58.00% while Institutions and Non-Institutions held 28.21% and 13.78% respectively.
Credit rating agency, CARE has downgraded ‘AAA’ ratings of Andhra Bank’s Subordinated Debt Bonds (VI, VII and VIII Issues)to ‘AA+’ which indicates high degree of safety regarding timely servicing of financial obligations and the instruments with this rating carry very low credit risk.
The rating agency has also downgraded ‘AA+’ rating of bank’s Upper Tier-II Bonds (series-c) to ‘AA ’which indicates high degree of safety regarding timely servicing of financial obligations and the instruments carry very low credit risk.
The bank has reported 15.20% fall in its net profit at Rs 257.08 crore for third quarter ended December 31, 2012 as compared to Rs 303.17 crore for the same quarter in the previous year. However, total income of the bank has increased by 9.50% at Rs 3469.21 crore for quarter under review as compared to Rs 3168.26 crore for the quarter ended December 31, 2011.
