Karur Vysya Bank rose 1.16% to Rs 475.55 at 9:29 IST on BSE after the bank said it has sought shareholders' approval for a 5-for-1 stock split.
The announcement was made after market hours yesterday, 27 September 2016.Meanwhile, the BSE Sensex was up 36.66 points, or 0.13%, to 28,260.36.
On BSE, so far 812 shares were traded in the counter, compared with average daily volume of 24,813 shares in the past one quarter. The stock hit a high of Rs 476 and a low of Rs 473 so far during the day. The stock hit a 52-week high of Rs 541.40 on 11 July 2016. The stock hit a 52-week low of Rs 393.90 on 29 February 2016. The stock had underperformed the market over the past 30 days till 27 September 2016, falling 5.58% compared with 1.15% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 6.98% as against Sensex's 5.55% rise.
The mid-cap private sector bank has equity capital of Rs 121.86 crore. Face value per share is Rs 10.
Karur Vysya Bank said it has sought shareholders' approval for a proposal of splitting each share into five shares (5-for-1). Shareholders will vote for the proposal through a postal ballot process.
Karur Vysya Bank's net profit rose 8.7% to Rs 146.35 crore on 1.9% rise in operating income to Rs 1547.31 crore in Q1 June 2016 over Q1 June 2015.
More From This Section
Karur Vysya Bank has 667 branches and 1655 ATMs as on 31 March 2016.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content