State Bank of Bikaner surges on reporting 33% rise in Q4 net profit

State Bank Of Bikaner and Jaipur is currently trading at Rs. 350.50, up by 10.80 points or 3.18% from its previous closing of Rs. 339.70 on the BSE. The scrip opened at Rs. 340.00 and has touched a high and low of Rs. 357.70 and Rs. 339.00 respectively. So far 81351 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 449.00 on 10-Jun-2013 and a 52 week low of Rs. 281.90 on 04-Mar-2014. Last one week high and low of the scrip stood at Rs. 348.60 and Rs. 338.10 respectively. The current market cap of the company is Rs. 2478.00 crore. The promoters holding in the company stood at 75.07% while Institutions and Non-Institutions held 9.51% and 15.42% respectively. State Bank of Bikaner & Jaipur has reported results for fourth quarter and year ended March 31, 2014. The bank has reported a rise of 33.32% in its net profit at Rs 237.63 crore for the quarter ended March 31, 2014 as compared to Rs 178.24 crore for the same quarter in the previous year. Total income of the bank has increased by 15.33% at Rs 2453.94 crore for quarter under review as compared to Rs 2127.67 crore for the quarter ended March 31, 2013. For the full year ended March 31, 2014, the bank has reported a marginally rise of 0.20% in its net profit at Rs 731.69 crore as compared to Rs 730.24 crore for FY13. Total income has increased by 9.98% at Rs 9044.90 crore for year under review as compared to Rs 8224.27 crore for the year ended March 31, 2013.