Central Bank of India lost 3.76% to Rs 56.30 at 15:12 IST on BSE, after the bank reported net loss of Rs 1508.74 crore in Q2 September 2013 as compared to net profit of Rs 329.92 crore in Q2 September 2012.
The Q2 result was announced during market hours today, 11 November 2013.
Meanwhile, the S&P BSE Sensex was down 176.96 points or 0.87% at 20,486.97
On BSE, 9.76 lakh shares were traded in the counter as against average daily volume of 1.65 lakh shares in the past one quarter.
The stock hit a high of Rs 58.80 and a low of Rs 54.60 so far during the day. The stock had hit a 52-week high of Rs 95.60 on 9 January 2013. The stock had hit a 52-week low of Rs 48.90 on 28 August 2013.
The stock had outperformed the market over the past one month till 8 November 2013, rising 13.7% compared with the Sensex's 3.42% rise. The scrip, however, underperformed the market in past one quarter, rising 3.54% as against Sensex's 9.99% rise.
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The mid-cap state-run bank has equity capital of Rs 1044.58 crore. Face value per share is Rs 10.
Central Bank of India's total income rose 9.79% to Rs 6236.51 crore in Q2 September 2013 over Q2 September 2012.
Central Bank of India on 5 November 2013 announced that the Capital Raising Committee of the board of the bank at its meeting held on 5 November 2013, has fixed the issue price at Rs 58.85 per equity share for preferential issue of equity shares in favour of Government of India (GoI). Accordingly, the bank will allot 30.58 crore equity shares to GoI on preferential basis, thereby raising Rs 1800 crore.
The GoI currently holds 85.31% stake in Central Bank of India (as per the shareholding pattern as on 30 September 2013).
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