Karur Vysya Bank jumps on plans to open four new branches

28 Nov 2011 Evaluate

Karur Vysya Bank is currently trading at Rs. 383.75, up by 9.90 points or 2.65% from its previous closing of Rs. 373.85 on the BSE.

The scrip opened at Rs. 374.00 and has touched a high and low of Rs. 385.50 and Rs. 372.25 respectively. So far 1369 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 479.15 on 15-Jul-2011 and a 52 week low of Rs. 346.00 on 19-Aug-2011.

Last one week high and low of the scrip stood at Rs. 385.50 and Rs. 355.00 respectively. The current market cap of the company is Rs. 4008.46 crore.

The promoters holding in the company stood at 3.27% while Institutions and Non-Institutions held 27.72% and 69.01% respectively. 

Karur Vysya Bank is in process of inaugurating four new branches. The bank will open these branches on November 28, 2011 at Tuni in Andhra Pradesh, Kancheepuram in Tamil Nadu, Sithalapakkam in Chennai and Ramanathapuram in Tamil Nadu.

Recently, the bank inaugurated six new branches on November 15, 2011. Karur Vysya Bank is among 6 old generation private sector banks that have been identified by the Reserve Bank of India (RBI) to implement Speed Clearing at Mumbai.

The bank’s net profit for the second quarter ended September 30, 2011 of the current fiscal has rose 10.44% at Rs 113.31 crore as compared to Rs 102.60 crore for the corresponding quarter of the last year. The bank’s total income has surged 41.96% at Rs 846.76 crore for the quarter under review as compared to Rs 596.52 crore for the second quarter of the previous year.

Karur Vysya Bank Share Price

211.55 0.05 (0.02%)
14-Nov-2024 16:59 View Price Chart
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