Karnataka Bank jumps 3.4%; fixes record date for rights issue

India Infoline News Service | Mumbai | October 14, 2016 16:21 IST

The bank has fixed 25 October as record date for the purpose of determining the shareholders eligible to apply for rights equity shares.

Karnataka Bank Ltd ended at Rs 149.6, up by Rs 4.95 or 3.42% from its previous closing of Rs 144.65 on the BSE. The bank has fixed 25 October as record date for the purpose of determining the shareholders eligible to apply for rights equity shares.

The scrip opened at Rs 144.65 and touched a high and low of Rs 151 and Rs 144.65 respectively. A total of 4995200 (NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 2726.21 crore.

The BSE group 'A' stock of face value Rs 10 touched a 52 week high of Rs 162.1 on 07-Sep-2016 and a 52 week low of Rs 84.85 on 29-Feb-2016. Last one week high and low of the scrip stood at Rs 152.5 and Rs 141.45 respectively.

The promoters holding in the company stood at 0 % while Institutions and Non-Institutions held 31.87 % and 68.13 % respectively.

The stock traded below its 50 DMA.

***Note: This is a NSE Chart

 

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