Allahabad Bank trades flat after allotment of shares to GOI

India Infoline News Service | Mumbai | October 19, 2016 11:29 IST

The scrip opened at Rs 75.8 and has touched a high and low of Rs 76.05 and Rs 75.1 respectively.

Allahabad Bank
Allahabad Bank is currently trading at Rs 75.45, up by Rs 0.3 or 0.4% from its previous closing of Rs 75.15 on the BSE after the bank has issued and allotted 42,30,226 new equity shares of face value of Rs 10 of the Bank on preferential basis to Government of India on October 17, 2016 for cash at an issue price of Rs 78.01 per equity share including a premium of Rs 68.01 per equity share.

The scrip opened at Rs 75.8 and has touched a high and low of Rs 76.05 and Rs 75.1 respectively. So far 1181019 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 5433.59 crore.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 88.25 on 07-Sep-2016 and a 52 week low of Rs 39.5 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs 77.4 and Rs 73.1 respectively.

The promoters holding in the company stood at 67.21 % while Institutions and Non-Institutions held 21.23 % and 11.56 % respectively.

The stock is currently trading below its 50 DMA.

***Note: This is a NSE Chart

 

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