Andhra Bank rose 0.92% to Rs 65.70 at 11:36 IST on BSE after Citygroup Global Markets Mauritius purchased 33.12 lakh shares of the bank at Rs 64.62 per share in a bulk deal on the NSE yesterday, 31 December 2015.
Meanwhile, the S&P BSE Sensex was down 7.07 points or 0.03% at 26,110.47.
On BSE, so far 88,000 shares were traded in the counter as against average daily volume of 1.49 lakh shares in the past one quarter.
The stock hit a high of Rs 66.30 and a low of Rs 65.55 so far during the day. The stock had hit a 52-week high of Rs 101 on 1 January 2015. The stock had hit a 52-week low of Rs 59.35 on 10 September 2015.
The stock had underperformed the market over the past one month till 31 December 2015, sliding 5.65% compared with Sensex's 0.11% fall. The scrip had also underperformed the market in past one quarter, declining 2.76% as against Sensex's 0.14% fall.
The mid-cap bank has equity capital of Rs 652.31 crore. Face value per share is Rs 10.
Andhra Bank's net profit rose 73.9% to Rs 251.26 crore on 7.2% growth in total income to Rs 4744.16 crore in Q2 September 2015 over Q2 September 2014.
The Government of India (GoI) held 63.97% stake in Andhra Bank (as per the shareholding pattern as on 30 September 2015).
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