The Board of Directors of the Bank will be held on February 29, 2016, for considering issuance of equity shares of the face value of Rs. 10/- each by way of preferential allotment in favour of LIC of India.
Syndicate Bank has informed BSE that a meeting of the Board of Directors of the Bank will be held on February 29, 2016, for considering issuance of equity shares of the face value of Rs. 10/- each by way of preferential allotment in favour of LIC of India.
Stock view:
Syndicate Bank is currently trading at Rs. 51.35, down by Rs. 0.4 or 0.77% from its previous closing of Rs. 51.75 on the BSE.
The scrip opened at Rs. 52 and has touched a high and low of Rs. 52.1 and Rs. 51.2 respectively. So far 649747(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3426.16 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 127.5 on 04-Mar-2015 and a 52 week low of Rs. 49.4 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs. 53.6 and Rs. 51 respectively.
The promoters holding in the company stood at 69.24 % while Institutions and Non-Institutions held 17.73 % and 13.03 % respectively.
The stock is currently trading above its 200 DMA.
Stock view:
Syndicate Bank is currently trading at Rs. 51.35, down by Rs. 0.4 or 0.77% from its previous closing of Rs. 51.75 on the BSE.
The scrip opened at Rs. 52 and has touched a high and low of Rs. 52.1 and Rs. 51.2 respectively. So far 649747(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3426.16 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 127.5 on 04-Mar-2015 and a 52 week low of Rs. 49.4 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs. 53.6 and Rs. 51 respectively.
The promoters holding in the company stood at 69.24 % while Institutions and Non-Institutions held 17.73 % and 13.03 % respectively.
The stock is currently trading above its 200 DMA.
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