Lakshmi Vilas Bank drops on profit booking

Lakshmi Vilas Bank lost 1.92% to Rs 181.20 at 12:40 IST on BSE on profit booking after a recent rally.

Meanwhile, the S&P BSE Sensex was up 80.43 points, or 0.24% to 33,668.51. The S&P BSE Mid-Cap index was up 85.69 points, or 0.51% to 16,921.87.

On the BSE, 1.28 lakh shares were traded in the counter so far, compared with average daily volumes of 1.77 lakh shares in the past one quarter. The stock had hit a high of Rs 187.95 and a low of Rs 180.50 so far during the day. The stock hit a record high of Rs 209.80 on 6 July 2017. The stock hit a 52-week low of Rs 133 on 23 November 2016.

The stock had outperformed the market over the past one month till 23 October 2017, rising 19.19% compared with 1.83% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 4.44% as against Sensex's 0.86% rise. The scrip had also outperformed the market in past one year, surging 33.49% as against Sensex's 15.36% rise.

The mid-cap company has equity capital of Rs 191.91 crore. Face value per share is Rs 10.

Shares of Lakshmi Vilas Bank had gained 20.31% in six trading sessions to settle at Rs 184.75 yesterday, 23 November 2017, from its close of Rs 153.55 on 15 November 2017.

Net profit of Lakshmi Vilas Bank fell 83.8% to Rs 10.50 crore on 8.7% rise in total income to Rs 902.76 crore in Q2 September 2017 over Q2 September 2016.

Lakshmi Vilas Bank is a full-fledged commercial bank. As on 30 September 2017, the bank had 511 branches, 7 extension counters, 983 ATMs in 16 states and 1 union territory, the bank offers various bouquets of products and services.

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