Syndicate Bank falls 1%; plans to raise up to Rs.4,300 cr this fiscal
Syndicate Bank said it will raise up to Rs.4,300 crore this fiscal through various instruments
Syndicate Bank said it will raise up to Rs.4,300 crore this fiscal through various instruments including Basel-III compliant bonds, rights issue and preferential allotment.
Syndicate Bank is currently trading at Rs. 67.6, down by Rs. 0.85 or 1.24% from its previous closing of Rs. 68.45 on the BSE.
The scrip opened at Rs. 67 and has touched a high and low of Rs. 68.8 and Rs. 67 respectively. So far 3016410(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 5465.73 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 118.2 on 29-May-2015 and a 52 week low of Rs. 49.4 on 17-Feb-2016. Last one week high and low of the scrip stood at Rs. 71.45 and Rs. 60.6 respectively.
The promoters holding in the company stood at 65.17 % while Institutions and Non-Institutions held 21.27 % and 13.56 % respectively.
The stock is currently trading above its 200 DMA.