Corporation Bank gains after fixing record date for stock split

Corporation Bank advanced 2.62% to Rs 324.60 at 10:33 IST on BSE after the bank set 23 January 2015 as the record date for 5-for-1 stock split.

The announcement was made after market hours on Wednesday, 24 December 2014.

Meanwhile, the S&P BSE Sensex was down 31.04 points or 0.11% at 27,177.57

On BSE, so far 13,210 shares were traded in the counter as against average daily volume of 15,387 shares in the past one quarter.

The stock hit a high of Rs 327 and a low of Rs 318 so far during the day. The stock hit a 52-week high of Rs 417.50 on 9 June 2014. The stock hit a 52-week low of Rs 220.10 on 24 February 2014.

The mid-cap bank has an equity capital of Rs 167.54 crore. Face value per share is Rs 10.

Corporation Bank's board of directors at its meeting held on 8 August 2014 had approved a 5-for-1 stock split.

Corporation Bank's net profit jumped 937.6% to Rs 160.51 crore on 9.5% growth in total income to Rs 5229.06 crore in Q2 September 2014 over Q2 September 2013.

The Government of India holds 63.33% stake in Corporation Bank (as per the shareholding pattern as on 30 September 2014).

Powered by Capital Market - Live News