Karur Vysya Bank gains ahead of board meet to consider stock split

Karur Vysya Bank rose 1.98% to Rs 477.50 at 12:05 IST on BSE ahead of the meeting of its board of directors today, 19 September 2016 to consider a proposal for stock split.

Meanwhile, the BSE Sensex was up 86.30 points, or 0.31%, to 28,686.98.

On BSE, so far 7,418 shares were traded in the counter, compared with an average volume of 24,327 shares in the past one quarter. The stock hit a high of Rs 478.95 and a low of Rs 469.90 so far during the day. The stock hit a 52-week high of Rs 541.40 on 11 July 2016. The stock hit a 52-week low of Rs 393.90 on 29 February 2016. The stock had underperformed the market over the past one month till 16 September 2016, falling 3.97% compared with Sensex's 1.9% rise. The scrip had also underperformed the market in past one quarter, dropping 1.41% as against Sensex's 7.82% rise.

The mid-cap private sector bank has an equity capital of Rs 121.86 crore. Face value per share is Rs 10.

Karur Vysya Bank's net profit rose 8.7% to Rs 146.35 crore on 1.9% rise in total income to Rs 1547.31 crore in Q1 June 2016 over Q1 June 2015.

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