Thursday 19 May 2016

Corporation Bank down 4%

The company has posted a net loss of Rs.511 crore for the quarter ended March 31, 2016 compared with net profit of Rs.45.1 crore for the quarter ended March 31, 2015.

Corporation BankCorporation Bank Ltd was lower by 4% at Rs.36. The company has posted a net loss of Rs.511 crore for the quarter ended March 31, 2016 compared with net profit of Rs.45.1 crore for the quarter ended March 31, 2015. 

The scrip opened at Rs. 37 and has touched a high and low of Rs. 37.2 and Rs. 35.95 respectively. So far 143058(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3875.22 crore.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 59 on 19-May-2015 and a 52 week low of Rs. 30.75 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs. 38.25 and Rs. 36.5 respectively.

The promoters holding in the company stood at 67.2 % while Institutions and Non-Institutions held 26.6 % and 6.19 % respectively.

The stock is currently trading below its 200 DMA.

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