KARNATAKA BANK at 52 Week High; BSE 500 Index Up 1.0%
March 12, 2019 10:50 AM

KARNATAKA BANK share price has hit a 52-week high at Rs 128 (up 2.3%).

Meanwhile, the BSE 500 Index is at 14,978 (up 1.2%).

Among the top gainers in the BSE 500 Index today are KARNATAKA BANK (up 2.3%) and BOMBAY DYEING (up 12.2%).

SUZLON ENERGY (down 4.2%) and HDFC STANDARD LIFE INSURANCE (down 3.7%) are among the top losers today.

Over the last one year, KARNATAKA BANK has moved up from Rs 116 to Rs 128, registering a gain of Rs 12 (up 10.59%).

The BSE 500 has moved up from 14,440 to 14,978, registering a gain of 538 points (up 3.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were VINATI ORGANICS (up 118.3%), ADANI POWER (up 96.0%) and BATA INDIA (up 92.7%).

What About the Benchmark Indices?

The BSE Sensex is at 37,519 (up 1.2%). The top gainers among the BSE Sensex stocks today are L&T (up 3.8%), ICICI BANK (up 3.1%) and BHARTI AIRTEL (up 3.0%). Other gainers include POWER GRID (up 2.7%) and RELIANCE IND. (up 2.1%). The most traded stocks in the BSE Sensex are ICICI BANK and YES BANK.

In the meantime, NSE Nifty is at 11,305 (up 1.2%). L&T (up 4.0%) and ICICI BANK (up 3.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,918 to 37,519, registering a gain of 3,601 points (up 10.6%).

KARNATAKA BANK Financial Update...

KARNATAKA BANK net profit stood at Rs 1 billion for the quarter ended December 2018, compared to a profit of Rs 874 million a year ago. Operating income rose 13.7% to Rs 15.1 billion during the period as against Rs 13.3 billion in October-December 2017.

For the year ended March 2018, KARNATAKA BANK reported 2.3% increase in net profit to Rs 4.6 billion compared to net profit of Rs 4.5 billion during FY17.

Revenue of the company grew 4.6% to Rs 54 billion during FY18.

The current Price to earnings ratio of KARNATAKA BANK, based on rolling 12 month earnings, stands at 8.5x.