Allahabad Bank rose 1.26% to Rs 112.10 at 13:14 IST on BSE on bargain hunting after sliding 15.27% in the preceding nine trading sessions to Rs 110.70 on 4 February 2015, from a recent high of Rs 130.65 on 21 January 2015.
Meanwhile, the BSE Sensex was up 221.79 points, or 0.77%, to 29,104.90.
On BSE, so far 11.01 lakh shares were traded in the counter, compared with an average volume of 3.56 lakh shares in the past one quarter.
The stock hit a high of Rs 112.50 and a low of Rs 106 so far during the day. The stock hit a 52-week high of Rs 150 on 11 June 2014. The stock hit a 52-week low of Rs 72.45 on 17 February 2014.
The stock had underperformed the market over the past one month till 4 February 2015, falling 16.07% compared with 3.57% rise in the Sensex. The scrip had also underperformed the market in past one quarter, sliding 6.07% as against Sensex's 3.67% rise.
The mid-cap company has an equity capital of Rs 544.61 crore. Face value per share is Rs 10.
More From This Section
Allahabad Bank's net profit fell 49.56% to Rs 164.11 crore 1.51% increase in total income to Rs 5386.79 crore in Q3 December 2014 over Q3 December 2013. The result was announced during trading hours today, 5 February 2015.
Allahabad Bank's ratio of net non-performing assets (NPAs) to net advances stood at 3.89% as on 31 December 2014, compared with 3.54% as on 30 September 2014 and 4.19% as on 31 December 2013.
The bank's ratio of gross NPAs to gross advances stood at 5.46% as on 31 December 2014, compared with 5.36% as on 30 September 2014 and 5.47% as on 31 December 2013.
Provisions and contingencies rose 15.58% to Rs 643.66 crore in Q3 December 2014 over Q3 December 2013. The provisioning coverage ratio as on 31 December 2014 stood at 52.05%.
The bank's Capital Adequacy Ratio (CAR) as per Basel III norms stood at 10.02% as on 31 December 2014, compared with 9.99% as on 30 September 2014 and 10.46% as on 31 December 2013.
Government of India holds 58.90% stake in Allahabad Bank (as on 31 December 2014).
Powered by Capital Market - Live News