Monday 18 January 2016

Karnataka Bank gains 3%; Q3 net profit declines

The Bank has posted a net profit of Rs. 969.10 mn for the quarter ended December 31, 2015 as compared to Rs. 1069.40 mn for the quarter ended December 31, 2014.

Karnataka Bank stock was up by 3% at Rs. 255. The Bank has posted a net profit of Rs. 969.10 mn for the quarter ended December 31, 2015 as compared to Rs. 1069.40 mn for the quarter ended December 31, 2014.

Total Income has increased from Rs. 13646.90 mn for the quarter ended December 31, 2014 to Rs. 13698.30 million for the quarter ended December 31, 2015.

The scrip opened at Rs. 94.9 and has touched a high and low of Rs. 99.3 and Rs. 93.85 respectively. So far 653262(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 1788.45 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 158 on 07-Jul-2015 and a 52 week low of Rs. 94.2 on 15-Jan-2016. Last one week high and low of the scrip stood at Rs. 114.3 and Rs. 94.2 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 33.24 % and 66.76 % respectively.

The stock is currently trading above its 200 DMA.

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