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Central Bank of India vaults after twin bulk deals

Capital Market 

Central of jumped 10.04% to Rs 76.70 at 15:03 IST on after two large bulk deals were executed on the scrip on the today, 9 March 2018.

A bulk deal of 40.95 lakh shares was executed on the Central of scrip at Rs 76.80 per share at 13:55 IST on Another bulk deal of 30.45 lakh shares was executed on the scrip at Rs 76.50 per share at 14:39 IST on BSE.

Meanwhile, the was down 45.85 points, or 0.14% to 33,305.72.

Bulk deal boosted volume on the scrip. On the BSE, 1.37 crore shares were traded in the counter so far compared with average daily volumes of 1.59 lakh shares in the past two weeks. The stock had hit a high of Rs 79.85 and a low of Rs 66.20 so far during the day. The stock hit a 52-week high of Rs 125 on 22 May 2017. The stock hit a 52-week low of Rs 62.80 on 7 March 2018.

The large-cap state-run has equity capital of Rs 1967.75 crore. Face value per share is Rs 10.

Central Bank of reported net loss of Rs 1664.22 crore in Q3 December 2017 as against net loss of Rs 605.70 crore in Q3 December 2016. Total income declined 2.93% to Rs 6589.32 crore in Q3 December 2017 over Q3 December 2016.

The held 81.90% stake in the bank as on 31 December 2017.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 15:16 IST