Karnataka Bank gains after tie-up with Daimler India Commercial Vehicles

The announcement was made after market hours yesterday, 20 February 2017.

Meanwhile, the BSE Sensex was up 19.01 points, or 0.07%, to 28,680.59. On the BSE, so far 1.81 lakh shares were traded in the counter, compared with average daily volumes of 2.76 lakh shares in the past one quarter. The stock had hit a high of Rs 124.45 and a low of Rs 122.35 so far during the day. The stock hit a 52-week high of Rs 134.15 on 24 October 2016. 

The stock hit a 52-week low of Rs 69.07 on 29 February 2016. The mid-cap private sector bank has equity capital of Rs 282.70 crore. Face value per share is Rs 10. Karnataka Bank has entered into a memorandum of understanding (MoU) with Daimler India Commercial Vehicles (DICV) for extending finance facilities to customers to purchase commercial vehicles manufactured by the company.

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