Corporation Bank rose 1.95% to Rs 60.05 at 9:51 IST on BSE after net profit rose 8.4% to Rs 45.07 crore on 7% growth in total income to Rs 5385.28 crore in Q4 March 2015 over Q4 March 2015.
The Q4 result was announced on Saturday, 16 May 2015.
Meanwhile, the S&P BSE Sensex was up 174.87 points or 0.64% at 27,498.87.
On BSE, so far 42,000 shares were traded in the counter as against average daily volume of 40,825 shares in the past one quarter.
The stock hit a high of Rs 61.45 and a low of Rs 60 so far during the day. The stock had hit a 52-week high of Rs 83.50 on 9 June 2014. The stock had hit a 52-week low of Rs 51.80 on 31 March 2015.
The stock had underperformed the market over the past one month till 15 May 2015, sliding 5.15% compared with Sensex's 5.12% fall. The scrip had, however, outperformed the market in past one quarter, declining 8.26% as against Sensex's 6.09% fall.
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The mid-cap company has equity capital of Rs 9917.56 crore. Face value per share is Rs 2.
Corporation Bank's ratio of gross non-performing assets (NPAs) to gross advances stood at 4.81% as on 31 March 2015 as against 4.88% as on 31 December 2014 and 3.42% as on 31 March 2014. The ratio of net NPAs to net advances stood at 3.08% as on 31 March 2015 as against 3.27% as on 31 December 2014 and 2.32% as on 31 March 2014.
The bank's provisions and contingencies rose 12.4% to Rs 926.49 crore in Q4 March 2015 over Q4 March 2014.
Corporation Bank's Capital Adequacy Ratio (CAR) as per Basel III stood at 11.09% as on 31 March 2015 as against 11.26% as on 31 December 2014 and 11.64% as on 31 March 2014.
The Government of India held 63.33% in Corporation Bank (as per the shareholding pattern as on 31 March 2015).
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