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Andhra Bank trades up

Friday, May 8, 2009 3:06 pm
By ShareGyan.com NewsDesk

9.81 lakh shares traded on BSE in the counter. The stock saw a standard everyday volume of 75,245 shares in the last quarter.
The stock got an up of Rs.63.90 and a down of Rs.60.05 till now. The stock saw a 52-week up of Rs.85 on 22nd May last year and a 52-week down of Rs.34.80 on 27th October last year.
The bank stock had achieved 23.85% as opposed to the BSE’s profit of 15.02%. It had earned 16.38% as opposed to the BSE’s profit of 30.28%.
The present price of Rs.62.60 slashes the bank’s Quarter 3 December last year annualized EPS of Rs.17.54 by a PE manifold of 3.57.
Andhra Bank’s sum income increased 36.05% in Quarter 4 March over Quarter 4 March last year. The bank declared the outcome during trade hours today.
The bank posted 13.46% increase in net gain to Rs.653.05 crore on 26.96% rise in sum income to Rs.6,140 crore in the year closed March over the year closed March last year.
The bank’s gross NPA fell 1.15% as at 31st March from Rs.372.43 crore as on 31st March last year. Gross NPA’s ratio to gross advances fell to 0.83% as of 31st March from 1.07% as of 31st March last year. The net NPA as of 31st March was at 0.18% of net advances.

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