The bank announced Q4 results during trading hours today, 10 May 2013.
Meanwhile, the S&P BSE Sensex was up 136.24 points or 0.68% at 20,075.28.
The stock surged on high volumes. On BSE, 24.76 lakh shares were traded in the counter as against average daily volume of 80,583 shares in the past one quarter.
The stock hit a high of Rs 76.40 and a low of Rs 69.50 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 62.30 on 13 September 2012.
The stock had underperformed the market over the past one month till 9 May 2013, rising 4.21% compared with the Sensex's 9.4% rally. The scrip had also underperformed the market in past one quarter, sliding 9.29% as against Sensex's 2.33% rise.
The mid-cap bank has equity capital of Rs 1044.58 crore. Face value per share is Rs 10.
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Central Bank of India's total income rose 19.2% to Rs 6403.57 crore in Q4 March 2013 over Q4 March 2012.
Central Bank of India's ratio of gross non-performing assets (NPAs) to gross advances decreased to 4.8% as on 31 March 2013, from 5.64% as on 31 December 2012 and 4.83% as on 31 March 2012. The ratio of net NPAs to net advances decreased to 2.9% as on 31 March 2013, from 3.79% as on 31 December 2012 and 3.09% as on 31 March 2012.
The bank's provisions and contingencies declined 48.16% to Rs 445.08 crore in Q4 March 2013 over Q4 March 2012. Provision coverage ratio stood at 47.75% as on 31 March 2013.
The bank's capital adequacy ratio (CAR) as per Basel II norms stood at 11.49% as on 31 March 2013, as against 10.75% as on 31 December 2012 and 12.4% as on 31 March 2012.
Central Bank of India's net profit jumped 90.4% to Rs 1014.96 crore on 14.52% growth in total income to Rs 23527.98 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012).
Central Bank of India's board of directors at a meeting held today, 10 May 2013, recommended final dividend of Rs 2.50 per share for FY 2013.
The Government of India (GoI) holds 85.31% stake in Central Bank of India (as per the shareholding pattern as on 31 March 2013).
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