Andhra Bank finally settled flat at Rs 62. The stock clocked a volume of 1.10 million shares throughout the day.
Andhra Bank has rebounded into the positive zone on the back of strong Q4 numbers.
The stock had touched a high of Rs 64 in early trades, but then slipped into red to a low of Rs 60 - down over 6% from the day's high - on the back of weakness in the market.
The stock has now rebounded into the positive zone and is now up nearly 2% at Rs 63. The counter has seen fairly heavy volumes of around 670,070 shares so far on the BSE as against its two-week daily average traded volume of around 121,780 shares.
According to a release issued by Andhra Bank, the bank's Q4 net profit surged 62% to Rs 201.21 crore for the quarter ended March 31, 2009, when compared with Rs 124.25 crore in the corresponding quarter a year ago. Total income increased 36% to Rs 1,827.10 crore from Rs 1,342.96 crore.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app