/ Corporation Bank Q2 FY17 Net Profit At Rs 206 Crore ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 15 November 2016

Corporation Bank has announced the following Unaudited Standalone results for the quarter ended September 30, 2016:

The bank has posted a net profit of Rs 206 crore for the quarter ended September 30, 2016 as compared to Rs 188 crore for the quarter ended September 30, 2015. For the company, total Income has increased from Rs 5,434.7 crore for the quarter ended September 30, 2015 to Rs 5,750.6 crore for the quarter ended September 30, 2016. Corporation Bank is currently trading at Rs 47.65, up by Rs 5.55 or 13.18% from its previous closing of Rs 42.1 on the BSE.

The scrip opened at Rs 45 and has touched a high and low of Rs 47.8 and Rs 44.4 respectively. So far 2972690(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 4829.11 crore.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 47.8 on 09-Sep-2016 and a 52 week low of Rs 30.75 on 25-Feb-2016. Last one week high and low of the scrip stood at Rs 46.05 and Rs 35.6 respectively. The promoters holding in the company stood at 70.76% while Institutions and Non-Institutions held 23.89% and 5.34% respectively. The stock is currently trading above its 50 DMA.
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