Allahabad Bank was up 0.88% to Rs 80.70 at 14:37 IST on BSE having recovered from the session's low of Rs 77.95 after cutting its benchmark prime lending rate by 25 basis points from the present rate of 13.25% to 13.00% with effect from 1 April 2008.
The stock hit a high of Rs 81 and a low of Rs 77.95 so far during the day. The stock had a 52-week high of Rs 143 on
The bank’s current equity is Rs 446.70 crore. Face value per share is Rs 10. The current price of Rs 80.70 discounts its Q3 December 2007 annualized EPS of Rs 32.69, by a PE multiple of 2.47.
Allahabad Bank’s net profit rose 27.6% to Rs 365.05 crore on 38.6% growth in operating profit to Rs 1965.41 crore in Q3 December 2007 over Q3 December 2006.
Allahabad Bank provides treasury and banking operations. The activities include accepting deposits, lending loans and to provide other financial related services
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