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Corporation Bank tumbles on reporting 96% fall in Q2 net profit

12 Nov 2013 Evaluate

Corporation Bank is currently trading at Rs 280.35, down by 19.25 points or 6.43 % from its previous closing of Rs. 299.60 on the BSE.

The scrip opened at Rs. 285.00 and has touched a high and low of Rs 287.95 and Rs 277.60 respectively. So far 62317 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 494.85 on 07-Jan-2013 and a 52 week low of Rs 239.55 on 04-Sep-2013.

Last one week high and low of the scrip stood at Rs 324.00 and Rs 294.20 respectively. The current market cap of the company is Rs 4272.43 crore.

The promoters holding in the company stood at 59.82% while Institutions and Non-Institutions held 32.56% and 7.62% respectively.

Corporation Bank has reported results for second quarter ended September 30, 2013.

The bank has reported a fall of 96.18% in its net profit at Rs 15.47 crore for the quarter ended September 30, 2013 as compared to Rs 405.71 crore for the same quarter in the previous year. However, total income of the bank increased by 17.27% at Rs 4773.64 crore for quarter under review as compared to Rs 4070.44 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) increased to 3.17% in the July-September quarter as against 1.97% in the same quarter previous year, however net NPAs has increased to 2.20%.

Corp. Bank-Amalgamat Share Price

22.60 0.00 (0.00%)
19-Mar-2020 18:01 View Price Chart
Peers
Company Name CMP
SBI 1080.35
PNB 114.50
Canara Bank 142.35
Bank Of Baroda 280.00
Union Bank Of India 188.90
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