Karnataka Bank rights issue proposal
Karnataka Bank rose 2.10% to Rs 189.25 at 10:16 IST on BSE after the bank scheduled a board meet on 12 June 2008 to consider rights issue. The bank made this announcement after trading hours on Wednesday, 4 June 2008. Meanwhile, the BSE Sensex was up 47.21 points, or 0.30%, to 15,562. On BSE, 5,508 shares were traded in the counter. The scrip had an average daily volume of 39,015 shares in the past one quarter. The stock hit a high of Rs 200 and a low of Rs 188.10 so far during the day. The stock shad a 52-week high of Rs 286 on 5 February 2008 and the stock hit a 52-week low of Rs 164 on 8 June 2007.
The mid-cap bank had outperformed the market over the past one month till 4 June 2008, declining 10.61% compared to the Sensex’s decline of 10.70%. It had underperformed the market in the past one quarter, declining 23.39% compared to Sensex’s decline of 6.21%. The bank’s current equity is Rs 121.36 crore. Face value per share is Rs 10. The current price of Rs 189.25 discounts its Q4 March 2008 annualised EPS of Rs 20.03, by a PE multiple of 9.45. The bank is engaged in commercial banking and related activities.
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment