Karnataka Bank is currently trading at Rs. 81.65, up by 0.45 points or 0.55% from its previous closing of Rs. 81.20 on the BSE.
The scrip opened at Rs. 81.90 and has touched a high and low of Rs. 82.45 and Rs. 81.25 respectively. So far 17,000 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 164.12 on 03-Dec-2010 and a 52 week low of Rs. 72.00 on 18-Nov-2011.
Last one week high and low of the scrip stood at Rs. 82.45 and Rs. 74.35 respectively. The current market cap of the company is Rs. 1,536.00 crore.
The Institutions and Non-Institutions hold 29.72% and 70.28% respectively.
Mangalore based, Karnataka Bank has signed a memorandum of understanding (MoU) with Indo Farm Equipment to offer financing to those customers who buys combine harvester, hydraulic cranes and tractors of various models under the bank's ‘KBL-Krishik Sarathi' scheme.
As per the MoU, customers who avail finance under this scheme will also get price discount on each unit of machinery. The machinery financed under the scheme will carry warranty for one year from the date of sale.
Karnataka Bank has a national presence with a network of 463 branches across 19 states and 2 Union Territories.
