State Bank of Mysore rose 0.71% to Rs 431.05 at 15:07 IST on BSE after the bank said that it has increased the base rate by 10 basis points from 10.15% to 10.25% effective from 16 November 2013.
The announcement was made after market hours on Thursday, 14 November 2013. The stock market was closed on Friday, 15 November 2013 on account of Muharram.
Meanwhile, the S&P BSE Sensex was up 448.89 points or 2.2% at 20,848.31.
On BSE, 523 shares were traded in the counter as against average daily volume of 1,687 shares in the past one quarter.
The stock hit a high of Rs 438 and a low of Rs 429 so far during the day. The stock had hit a 52-week high of Rs 774.40 on 2 January 2013. The stock had hit a 52-week low of Rs 422.10 on 13 November 2013.
The stock had underperformed the market over the past one month till 14 November 2013, declining 4.73% compared with the Sensex's 1.01% fall. The scrip had also underperformed the market in past one quarter, sliding 14.03% as against Sensex's 5.33% rise.
The small-cap bank has equity capital of Rs 48.01 crore. Face value per share is Rs 10.
State Bank of Mysore said that there is no change in the benchmark prime lending rate (BPLR) which is presently at 15%.
State Bank of Mysore's net profit declined 79.3% to Rs 30.08 crore on 4.9% growth in total income to Rs 1687.71 crore in Q2 September 2013 over Q2 September 2012.
State Bank of Mysore is a subsidiary of State Bank of India (SBI), India's biggest commercial bank in terms of branch network. SBI holds 90% stake in State Bank of Mysore (as per the shareholding pattern as on 30 September 2013).
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