ALSO READBank stocks down for second day on crop loan waiver concerns Karnataka Bank eyes agri credit of Rs 6,800 cr in FY'18 Karnataka Bank opens its first Aadhar Enrollment and Updation centre Karnataka Bank standalone net profit rises 10.13% in the June 2017 quarter Karnataka Bank standalone net profit declines 24.58% in the September 2017 quarter
On the BSE, 2.48 lakh shares were traded in the counter so far, compared with average daily volumes of 3.02 lakh shares in the past one quarter. The stock had hit a high of Rs 151.85 and a low of Rs 150.35 so far during the day. The stock had hit a 52-week high of Rs 181.15 on 2 June 2017. The stock had hit a 52-week low of Rs 103.60 on 9 December 2016.
The stock had underperformed the market over the past one month till 7 December 2017, falling 5.34% compared with the Sensex's 1.26% drop. The stock had also underperformed the market over the past one quarter, declining 1.09% as against the Sensex's 4.06% rise. The scrip had, however, outperformed the market over the past one year, gaining 41.1% as against the Sensex's 25.58% rise.
The mid-cap bank has equity capital of Rs 282.61 crore. Face value per share is Rs 10.
Karnataka Bank's net profit fell 24.6% to Rs 93.38 crore on 4.7% rise in total income to Rs 1565.75 crore in Q2 September 2017 over Q2 September 2016.
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