Meanwhile, the BSE Sensex was up 137.86 points or 0.71% at 19,564.57.
On BSE, 79,000 shares were traded in the counter as against average daily volume of 1.09 lakh shares in the past one quarter.
The stock hit a high of Rs 132.45 and a low of Rs 129.35 so far during the day. The stock had hit a 52-week high of Rs 136.50 on 11 December 2012. The stock had hit a 52-week low of Rs 67.45 on 30 December 2011.
The stock had underperformed the market over the past one month till 31 December 2012, rising 0.39% compared with the Sensex's 0.45% rise. The scrip had, however, outperformed the market in past one quarter, jumping 18.44% as against Sensex's 3.54% gain.
The mid-cap public sector bank has equity capital of Rs 601.95 crore. Face value per share is Rs 10.
Shares of Syndicate Bank have risen 3.16% in two trading sessions from Rs 127.95 on 28 December 2012, after the bank on Monday, 31 December 2012, said it has raised Tier II capital to the extent of Rs 1000 crore through issue of unsecured non-convertible sub-ordinated Lower Tier II Bonds. The stock had risen 0.15% to settle at Rs 128.15 on Monday, 31 December 2012.
Syndicate Bank said that the issue of unsecured non-convertible sub-ordinated Lower Tier II Bonds opened and closed on 28 December 2012 and was fully subscribed. The bond was priced at 9% per annum payable annually.
Syndicate Bank's consolidated net profit jumped 43.5% to Rs 463.60 crore on 13.2% growth in total income to Rs 4546.34 crore in Q2 September 2012 over Q2 September 2011.
The Government of India holds 66.17% stake in Syndicate Bank (as per the shareholding pattern as on 30 September 2012).
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