South Indian Bank, the private sector
lender, plunged almost 5% on Monday on concern over asset quality
after the bank announced four-fold rise in NPAs during the for the
quarter ended Sept. 30, 2012.
The bank reported a rise of 2.32% in net profit of Rs 971.5 million for the quarter ended Sept. 30, 2012 as compared to Rs 949.5 million for the quarter ended Sept. 30, 2011.
Total income has gone up 23.02% to Rs
11.45 billion for the quarter ended Sept. 30, 2012 from Rs 9.30
billion in the year ago period.Net NPA was at Rs 2,418.8 million
for the quarter ended Sept. 30, 2012, as compared to Rs 583.1
million for the quarter ended Sept. 30, 2011, representing an
increase of 4.15 times.Net NPA was at 0.86% for the quarter ended
Sept. 30, 2012, as compared to 0.25% for the quarter ended Sept.
30, 2011.
Shares ofthe bankare trading at Rs 22.30, down Rs 1.15, or 4.90% at the Bombay Stock Exchange (BSE) on Monday at 11:23 a.m.The scrip has touched an intra-day high of Rs 23.70 and low of Rs 22.05. The total volume of shares traded at the BSE is 555,751.In the earlier session, the shares lost 0.64%, or Rs 0.15, at Rs 23.45. Currently, the stock is trading down 21.2% from its 52-week high of Rs 28.30 and above 12.06% over the 52-week low of Rs 19.90.
Share Price Movement Period Pricein Rs Gain/(Loss) in Rs in % 1 Week 23.30 0.15 0.64 1 Month 22.50 0.95 4.22 3 Months 24.25 (0.80) (3.30) 6 Months 23.90 (0.45) (1.88) 1 Year 23.05 0.40 1.74 Note: Based on previous day closing price.
Post a Comment