State Bank of Mysore is currently trading at Rs. 408.00, up by 15.25 points or 3.88 % from its previous closing of Rs. 392.75 on the BSE.
The scrip opened at Rs. 399.95 and has touched a high and low of Rs. 414.00 and Rs. 397.00 respectively. So far 7150 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 610.00 on 03-Apr-2013 and a 52 week low of Rs. 368.00 on 18-Mar-2014.
Last one week high and low of the scrip stood at Rs. 398.05 and Rs. 372.25 respectively. The current market cap of the company is Rs. 1970.95 crore.
The promoters holding in the company stood at 90.00 % while Institutions and Non-Institutions held 4.16 % and 5.84 % respectively.
State Bank of Mysore (SBM) is planning to raise fresh capital through a Rights Issue to shore up its Tier-I capital base. In this regard, the bank’s board will meet on March 29 and finalized the details of the rights issue. The company wants to be adequately funded to meet the requirements at least till 2015-16.
Currently, the Bank’s capital adequacy ratio under Basel-II stands at 11.40 per cent and 11.19 per cent under the Basel-III norms. Under Basel-II, the Tier-I capital stands at 8.7 per cent and 8.58 per cent under the Basel-III as at end of December 2013.
The Bank had raised Rs 65 crore through an institutional placement programme (IPP) in May last year.
| Company Name | CMP |
|---|---|
| SBI | 1103.40 |
| PNB | 114.65 |
| Canara Bank | 145.25 |
| Bank Of Baroda | 282.90 |
| Union Bank Of India | 194.00 |
| View more.. | |
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