Thursday, May 15, 2008

Syndicate Bank good Q4 numbers

Syndicate Bank rose 1.2% to Rs 75.95 at 11:02 IST on BSE on reporting 21% growth in net profit to Rs 126.26 crore on 22.85% growth in operating income to Rs 2134 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 76.95 and a low of Rs 75.60 so far during the day. The stock had a 52-week high of Rs 131.05 on 2 January 2008 and the stock hit a 52-week low of Rs 68.60 on 22 August 2007.

The bank’s current equity is Rs 521.97 crore. Face value per share is Rs 10.

The current market price of Rs 75.95 discounts its Q3 December 2007 annualised EPS of Rs 20.94 by a PE multiple of 3.62.

The bank provides commercial banking and related activities.

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