The Karnataka Bank is currently trading at Rs. 112.15, down by 6.05 points or 5.12% from its previous closing of Rs. 118.20 on the BSE.
The scrip opened at Rs. 116.80 and has touched a high and low of Rs. 116.80 and Rs. 109.40 respectively. So far 277233 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 141.15 on 08-Apr-2019 and a 52 week low of Rs. 92.30 on 25-Oct-2018.
Last one week high and low of the scrip stood at Rs. 130.85 and Rs. 117.30 respectively. The current market cap of the company is Rs. 3148.25 crore.
The Institutions and Non-Institutions held 30.53% and 69.47% stake respectively, in the bank.
Karnataka Bank has reported around 6-fold jump in its net profit at Rs 61.73 crore for the quarter ended March 31, 2019, as compared to Rs 11.00 crore for the same quarter in the previous year. Total income of the Bank marginally increased by 4.85% at Rs 1,821.88 crore for the quarter under review as compared Rs 1,737.55 crore for the quarter ended March 31, 2018.
For the year ended March 31, 2019, the Bank has posted a rise of 46.57% in its net profit at Rs 477.24 crore as compared to Rs 325.61 crore for the same period in the previous year. Total income of Bank increased 8.31% at Rs 6,907.92 crore for year under review as compared to Rs 6,378.09 crore for the period ended March 31, 2018.
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