Karnataka Bank touches roof on reporting over 3-fold jump in Q2 net profit
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Karnataka Bank is currently trading at its upper limit of Rs. 112.55, up by 18.75 points or 19.99% from its previous closing of Rs. 93.80 on the BSE.
The scrip opened at Rs. 107.10 and has touched a high and low of Rs. 112.55 and Rs. 105.00 respectively. So far 1077889 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.55 on 2-Nov-2022 and a 52 week low of Rs. 55.25 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 112.55 and Rs. 91.85 respectively. The current market cap of the company is Rs. 3503.13 crore.
The Institutions and Non-Institutions held 20.80% and 79.20%, stake in the Bank respectively.
The bank has reported over 3-fold jump in its net profit at Rs 411.63 crore for Q2FY23 as compared to Rs 125.61 crore for the corresponding quarter previous year. Total income of the bank increased by 11.04% to Rs 2031.09 crore for the quarter under review as compared to Rs 1829.16 crore for the same quarter in the previous year.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
