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Karnataka Bank is currently trading at Rs. 97.95, up by 1.00 points or 1.03% from its previous closing of Rs. 96.95 on the BSE.
The scrip opened at Rs. 97.25 and has touched a high and low of Rs. 98.10 and Rs. 97.25 respectively. So far 19,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 162.90 on 13-May-2013 and a 52 week low of Rs. 69.10 on 06-Aug-2013.
Last one week high and low of the scrip stood at Rs. 98.10 and Rs. 94.65 respectively. The current market cap of the company is Rs. 1,845.00 crore.
The Institutions and Non-Institutions held 26.99% and 73.01% respectively.
Karnataka Bank has entered into a Memorandum of Understanding (MoU) with Credit Analysis & Research (CARE) for providing Credit Rating Services to the Micro and Small Enterprises sector and due diligence services for the MSME clients of the Bank. With a view to assist the potential/ existing MSE clientele of the bank, CARE will provide credit rating for such entities rating services under a Special Incentive by discounting its rating fees and also provide Due Diligence Service for MSME units in existence for more than one year.
The rating services provided by CARE are an independent third party assessment of the overall condition of the MSEs and will benefit them in benchmarking themselves in the market place while due diligence service will provide customized solution for an independent and unbiased verification of customer profile for meeting the specific needs of the customer. The economy is posing challenges for potential investors and funding entities like banks, making it imperative for Banks to carry out exhaustive appraisal of this project prior to funding them. The Bank will be benefitted by the assistance provided to the potential/ existing MSE customers of the Bank.
Karnataka Bank has reported 33.25% rise in its net profit at Rs 106.70 crore for third quarter ended December 31, 2013 as compared to Rs 80.07 crore for the same quarter in the previous year. Total income of the bank has increased by 10.94% at Rs 1165.54 crore for quarter under review as compared to Rs 1050.58 crore for the quarter ended December 31, 2012.
| Company Name | CMP |
|---|---|
| HDFC Bank | 1757.95 |
| ICICI Bank | 1295.90 |
| Axis Bank | 1170.00 |
| Kotak Mahindra Bank | 1758.00 |
| Indusind Bank | 1090.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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