State Bank of Bikaner and Jaipur rose 2.55% to Rs 322 at 15:00 IST on BSE after the company declared attractive interim dividend for the financial year ending March 2014.
The company made the announcement during trading hours today, 25 March 2014.
Meanwhile, the BSE Sensex was down 17.03 points, or 0.08%, to 22,038.45.
On BSE, so far 50,000 shares were traded in the counter, compared with an average volume of 9,280 shares in the past one quarter.
The stock hit a high of Rs 328 and a low of Rs 312.55 so far during the day. The stock hit a 52-week high of Rs 449 on 10 June 2013. The stock hit a 52-week low of Rs 281.90 on 4 March 2014.
The stock had outperformed the market over the past one month till 24 March 2014, rising 8.29% compared with the Sensex's 5.98% rise. The scrip had, however, underperformed the market in past one quarter, sliding 2.12% as against Sensex's 4.86% rise.
More From This Section
The small-cap company has an equity capital of Rs 70 crore. Face value per share is Rs 10.
State Bank of Bikaner and Jaipur (SBBJ) said its board at the meeting held today, 25 March 2014, has declared interim dividend of Rs 14.30 per share for the financial year ending March 2014. Based on ruling market price, the stock offers a dividend yield of 4.44%.
The bank has fixed 31 March 2014 as the record date for the purpose of payment of interim dividend.
SBBJ's net profit fell 29.4% to Rs 151.97 crore on 9.9% growth in total income to Rs 2288.78 crore in Q3 December 2013 over Q3 December 2012.
State Bank of Bikaner and Jaipur is an affiliate of State Bank of India (SBI), which is India's biggest commercial bank in terms of branch network. SBI holds 75.07% stake in State Bank of Bikaner and Jaipur (as per the shareholding pattern as on 31 December 2013).
Powered by Capital Market - Live News