Syndicate Bank shed 1.33% to Rs 125.70 at 11:56 IST on BSE after net profit declined 32.86% to Rs 315.60 crore on 17.12% growth in total income to Rs 5680.96 crore in Q2 September 2014 over Q2 September 2013.
The Q2 result was announced during market hours today, 7 November 2014.
Meanwhile, the S&P BSE Sensex was down 102.34 points or 0.37% at 27,813.54.
On BSE, so far 3.50 lakh shares were traded in the counter as against average daily volume of 2.85 lakh shares in the past one quarter.
The stock hit a high of Rs 128.05 and a low of Rs 123.20 so far during the day. The stock had hit a 52-week low of Rs 77.95 on 30 January 2014. The stock had hit a record high of Rs 179.10 on 4 July 2014.
The stock had outperformed the market over the past one month till 5 November 2014, advancing 17.04% compared with the Sensex's 5.07% rise. The scrip had, however, underperformed the market in past one quarter, sliding 5.77% as against Sensex's 7.75% rise.
The mid-cap bank has equity capital of Rs 624.58 crore. Face value per share is Rs 10.
Syndicate Bank's operating profit rose 18% to Rs 954 crore in Q2 September 2014 over Q2 September 2013.
Global net interest margin (NIM) stood at 2.57% in Q2 September 2014 as against 2.9% in Q2 September 2013. Domestic NIM stood at 2.96% in Q2 September 2014 as against 3.38% in Q2 September 2013.
Domestic CASA deposits rose 18.72% to Rs 63778 crore as on 30 September 2014, from Rs 53720 crore as on 30 September 2013. Domestic CASA deposits stood at 29.87% of total domestic deposits as at 30 September 2014.
Gross non-performing assets (NPA) ratio stood at 3.43% as on 30 September 2014 as against 2.88% as on 30 September 2013. Net NPA ratio stood at 2.2% as on 30 September 2014 as against 1.66% as on 30 September 2013.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 10.42% as on 30 September 2014 as against 11.58% as on 30 September 2013.
The Government of India holds 67.39% stake in Syndicate Bank (as per the shareholding pattern as on 30 September 2014).
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