Karnataka Bank is currently trading at Rs. 138.50, up by 2.10 points or 1.54% from its previous closing of Rs. 136.40 on the BSE.
The scrip opened at Rs. 140.00 and has touched a high and low of Rs. 141.00 and Rs. 138.00 respectively. So far 86,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 143.35 on 02-Mar-2017 and a 52 week low of Rs. 75.30 on 11-Mar-2016.
Last one week high and low of the scrip stood at Rs. 141.00 and Rs. 133.30 respectively. The current market cap of the company is Rs. 3,905.61 crore.
The Institutions and Non-Institutions held 28.73% and 71.27% respectively in the bank.
Karnataka Bank has entered into Memorandum of Understanding (MoU) with Bajaj Allianz General Insurance Company (BAGICL) for general insurance business. The bank will be able to provide vast choice of non-life insurance products to its customers across all its 747 branches, supported by the customer centric products of BAGICL.
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.