Karnataka Bank, Lakshmi Vilas Bank, South Indian Bank, Dhanlaxmi Bank, Development Credit Bank and Karur Vysya Bank are up 8-20% on BSE.
Shares of mid-and-small sized banks such has Karnataka Bank, Lakshmi Vilas Bank, South Indian Bank, Dhanlaxmi Bank, Development Credit Bank and Karur Vysya Bank have rallied up to 20% on back of heavy volumes on the bourses.
At 1045 hours, the Bombay Stock Exchange (BSE) benchmark index was up 0.18%, while banking index was gain less than 1%.
Most of these banks were underperformed the market by falling more than 30% in past three months in wake of Reserve Bank of India measures.
Lakshmi Vilkas Bank is locked in upper limit of 20% at Rs 77.85 on BSE. A combined 826,036 shares have changed hands on the counter and there are pending buy orders for 157,628 shares on the BSE and NSE.
Karnataka Bank has rallied 17% to Rs 109 on back of heavy volumes on BSE. A combined nearly 15 million shares already changed hands on the counter so far against an average less than 2 million shares that were traded daily in past two weeks on BSE and NSE.
Last week, the private sector bank had launched a special campaign for home and car loans, which is valid up to January 31, 2014.
Among the other individual stocks, Dhanlaxmi Bank has surged 11% to Rs 47, followed by South Indian Bank and Development Credit Bank ( up 9% each at Rs 21.65 and Rs 53.40 respectively) and Karur Vysya Bank and City Union Bank ( up 8% each at Rs 352 and Rs 49.25 respectively).
Shares of mid-and-small sized banks such has Karnataka Bank, Lakshmi Vilas Bank, South Indian Bank, Dhanlaxmi Bank, Development Credit Bank and Karur Vysya Bank have rallied up to 20% on back of heavy volumes on the bourses.
At 1045 hours, the Bombay Stock Exchange (BSE) benchmark index was up 0.18%, while banking index was gain less than 1%.
Most of these banks were underperformed the market by falling more than 30% in past three months in wake of Reserve Bank of India measures.
Lakshmi Vilkas Bank is locked in upper limit of 20% at Rs 77.85 on BSE. A combined 826,036 shares have changed hands on the counter and there are pending buy orders for 157,628 shares on the BSE and NSE.
Karnataka Bank has rallied 17% to Rs 109 on back of heavy volumes on BSE. A combined nearly 15 million shares already changed hands on the counter so far against an average less than 2 million shares that were traded daily in past two weeks on BSE and NSE.
Last week, the private sector bank had launched a special campaign for home and car loans, which is valid up to January 31, 2014.
Among the other individual stocks, Dhanlaxmi Bank has surged 11% to Rs 47, followed by South Indian Bank and Development Credit Bank ( up 9% each at Rs 21.65 and Rs 53.40 respectively) and Karur Vysya Bank and City Union Bank ( up 8% each at Rs 352 and Rs 49.25 respectively).
No comments:
Post a Comment