Allahabad Bank trades jubilantly on the bourses

01 Apr 2016 Evaluate

Allahabad Bank is currently trading at Rs. 57.85, up by 3.15 points or 5.76% from its previous closing of Rs. 54.70 on the BSE.

The scrip opened at Rs. 54.40 and has touched a high and low of Rs. 58.05 and Rs. 54.20 respectively. So far 314523 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 110.00 on 15-May-2015 and a 52 week low of Rs. 39.50 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 58.05 and Rs. 51.00 respectively. The current market cap of the company is Rs. 3447.21 crore.

The promoters holding in the company stood at 62.73% while Institutions and Non-Institutions held 22.19% and 15.08% respectively

The Government of India (GoI) has decided to infuse capital funds to the tune of Rs 690 crore in Allahabad Bank by way of preferential allotment of equity in favour of GoI. The bank is taking the necessary step in this regards.

The bank has reported a net loss of Rs 486.14 crore for the quarter ended December 31, 2015 as compared to net profit of Rs 164.11 crore for the same quarter in the previous year. The bank’s total income has decreased by 6.62% to Rs 5030.19 crore for the quarter under review from Rs 5386.79 crore for the corresponding quarter of the previous year.

Gross non-performing assets (NPAs) increased to 6.40% in the October- December quarter as against 5.46% in the same quarter previous year, while net NPAs stood at 4.23%.

Allaha.Bank-Amalgama Share Price

15.15 0.00 (0.00%)
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Peers
Company Name CMP
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Union Bank Of India 124.05
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