KARNATAKA BANK at 52 Week High; BSE 500 Index Up 1.0%
March 18, 2019 09:36 AM

KARNATAKA BANK share price has hit a 52-week high at Rs 132 (up 2.6%).

Meanwhile, the BSE 500 Index is at 15,152 (up 0.7%).

Among the top gainers in the BSE 500 Index today are KARNATAKA BANK (up 2.6%) and SUNDRAM FASTENERS (up 6.1%).

INDO COUNT (down 4.7%) and LUPIN (down 4.7%) are among the top losers today.

Over the last one year, KARNATAKA BANK has moved up from Rs 124 to Rs 132, registering a gain of Rs 8 (up 6.19%).

The BSE 500 has moved up from 14,470 to 15,152, registering a gain of 682 points (up 4.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 80.1%), BAJAJ FINANCE (up 67.3%) and DIVIS LABORATORIES (up 57.7%).

What About the Benchmark Indices?

The BSE Sensex is at 38,330 (up 0.8%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 2.4%), AXIS BANK (up 1.7%) and BHARTI AIRTEL (up 1.7%). Other gainers include HDFC BANK (up 1.4%) and ASIAN PAINTS (up 1.4%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,530 (up 0.9%). IOC (up 4.9%) and AXIS BANK (up 2.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 33,686 to 38,330, registering a gain of 4,644 points (up 13.7%).

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 8.7x.