Monday 5 August 2013

Canara Bank shines on reporting marginal rise in Q1 net profit

Canara Bank is currently trading at Rs. 245.20, up by 3.65 points or 1.51% from its previous closing of Rs. 241.55 on the BSE.

The scrip opened at Rs. 243.00 and has touched a high and low of Rs. 248.70 and Rs. 230.40 respectively. So far 1, 69,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 550.00 on 14-Jan-2013 and a 52 week low of Rs. 230.40 on 05-Aug-2013.

Last one week high and low of the scrip stood at Rs. 279.45 and Rs. 237.15 respectively. The current market cap of the company is Rs. 10,862 crore.

The promoters holding in the company stood at 67.72% while Institutions and Non-Institutions held 26.02% and 6.26% respectively.

On standalone basis, the bank has posted a rise of 2.17% in its net profit at Rs 792.07 crore for the quarter ended June 30, 2013 as compared to Rs 775.24 crore for the same quarter in the previous year. Total income has increased by 14.65% at Rs 10507.88 crore for quarter under review as compared to Rs 9165.47 crore for the quarter ended June 30, 2012.

Gross non-performing assets (NPAs) increased to 2.91% in the April-June quarter as against 1.98% in the same quarter previous year while net NPAs increased to 2.48%.

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