Karnataka Bank soars on reporting 8% rise in Q1 net profit
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Karnataka Bank is currently trading at Rs. 233.50, up by 5.65 points or 2.48% from its previous closing of Rs. 227.85 on the BSE.
The scrip opened at Rs. 228.50 and has touched a high and low of Rs. 235.95 and Rs. 228.50 respectively. So far 303692 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 286.35 on 20-Jan-2024 and a 52 week low of Rs. 192.25 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 235.95 and Rs. 219.60 respectively. The current market cap of the company is Rs. 8820.44 crore.
The Institutions holding in the company stood at 37.57%, while Non-Institutions held 62.42% in the company.
Karnataka Bank has reported 7.99% rise in its net profit at Rs 400.33 crore for first quarter ended June 30, 2024 as compared to Rs 370.70 crore for the same quarter in the previous year. Total income of the bank increased by 12.02% at Rs 2,557.00 crore for Q1FY25 as compared to Rs 2,282.58 crore for the corresponding quarter 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.
