Karnataka Bank trades in fine fettle on BSE

02 Jul 2015 Evaluate

Karnataka Bank is currently trading at Rs. 150.75, up by 2.65 points or 1.79 % from its previous closing of Rs. 148.10 on the BSE.

The scrip opened at Rs. 149.50 and has touched a high and low of Rs. 152.75 and Rs. 149.10 respectively. So far 265942 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 157.20 on 03-Dec-2014 and a 52 week low of Rs. 108.70 on 08-Oct-2014.

Last one week high and low of the scrip stood at Rs. 149.75 and Rs. 140.00 respectively. The current market cap of the company is Rs. 2852.14 crore.

The  Institutions and Non-Institutions held 30.71 % and 69.29 % respectively.

Karnataka Bank had organized an Exporters’ Meet jointly with Federation of Indian Export Organizations (FIEO), on June 29, 2015 at Karur, Tamil Nadu. The meeting was organized to provide a common platform to understand the needs of exporters and also to cater to their banking requirements.

Under this Meet, the bank highlighted the simplified guidelines enumerated in the Foreign Trade Policy 2015-20 of Government of India and assured the exporters about the support of Karnataka Bank at all times and requested the exporters to make Karnataka Bank as their preferred partner in their success and growth. The bank also explained about its new technology initiatives for smooth and hassle free banking transactions and highlighted that since the Karur branch of Karnataka Bank is a forex designated branch, it is easy for exporters to transact with that branch.

The bank has posted a rise of 65.52% in its net profit at Rs 134.42 crore for the quarter ended March 31, 2015 as compared to Rs 81.21 crore for the same quarter in the previous year. Total income of the bank has increased by 11.55% at Rs 1308.04 crore for quarter under review as compared to Rs 1172.58 crore for the quarter ended March 31, 2014.

 

Karnataka Bank Share Price

218.75 3.40 (1.58%)
05-Nov-2024 00:00 View Price Chart
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