Banks see mkt cap dip in June quarter

Federal Bank BSE | NSE 30/05/12 Are Mutual Funds betting on Federal Bank? Other Stocks in this news State Bank of Bikaner and Jaipur | State Bank of India | Bank Of Baroda | Corporation Bank | IndusInd Bank | United Western Bank | ING Vysya Bank | Karnataka Bank | City Union Bank | Centurion Bank of Punjab | Syndicate Bank | State Bank of Mysore | Axis Bank | Bank of Rajasthan | Dhanlaxmi Bank | HDFC Bank | Bank Of India | Oriental Bank of Commerce | State Bank of Travancore | Indian Overseas Bank | Vijaya Bank | Allahabad Bank | Canara Bank | UCO Bank | Andhra Bank | Union Bank of India | Punjab National Bank | Bank of Maharashtra | Dena Bank | ICICI Bank | Yes Bank |

Of the 36 banks that are listed on the BSE, only one has managed to increase its marketcap in the three month ending June 2006. And HDFC Bank enjoys that glory when it increased its marketcap from Rs 24221.38 crore in March 2006 to Rs 24830.24 crore in June 2006, thus registering a 2.51% gain in three months. But the rest have shown a decline in their market caps indicating fall in the prices of shareoutstanding of these banks.

Two other private sector bank - ICICI Bank and UTI Bank -have fallen by 17.09%  and 24.76%, respectively in the June quarter of 2006. Other top performers like the State Bank of India , Punjab National Bank and Bank of Baroda have all lost market cap. 

The worst performer during the quarter ending June 2006 has been United West Bank registering a whopping 53.58% dip in its market cap.

Company	Mkt cap (Rs Cr) as on		Gai/Loss (%)
	30/06/2006	31/03/2006
United West.Bank	120.51	259.59	-53.58
Syndicate Bank	2607.24	4663.8	-44.10
Corporation Bank	3175.04	5475.1	-42.01
UCO Bank	1346.92	2122.3	-36.53
St Bk of Bikaner	1368.58	2082.18	-34.27
Bank of Mah .	871.8	1319.54	-33.93
ING Vysya Bank	855.94	1295.48	-33.93
Bank of Rajasth.	317.33	475.46	-33.26
Pun. Natl. Bank	10264.59	14856.94	-30.91
St Bk of Mysore	1584	2277.63	-30.45
Dena Bank	742.86	1044.02	-28.85
Oriental Bank	4269.2	5908.99	-27.75
IndusInd Bank	985.64	1360.15	-27.53
St Bk of Travanc	1507.9	2075.98	-27.36
I D B I	4179.77	5667.28	-26.25
Dhanalaksh.Bank	73.9	99.71	-25.89
Union Bank (I)	4566.28	6154.89	-25.81
St Bk of India	38283.06	50948.47	-24.86
Vijaya Bank	1712.4	2278.15	-24.83
Canara Bank	8232.8	10942.9	-24.77
UTI Bank	7472.47	9931.12	-24.76
Bank of India	4966.61	6449.26	-22.99
Andhra Bank	3031.25	3918.8	-22.65
Yes Bank	2108.7	2710.8	-22.21
Centurion BnkP	3015.53	3739.04	-19.35
Allahabad Bank	2854.41	3526.7	-19.06
Federal Bank	1423.1	1726.12	-17.55
ICICI Bank	43474.13	52435.59	-17.09
City Union Bank	222.96	268.8	-17.05
J & K Bank	1839.23	2188.84	-15.97
Bank of Baroda	7295.96	8452.01	-13.68
Indian Overseas	4581.77	5281.84	-13.25
South Ind.Bank	383.38	434.08	-11.68
Karnataka Bank	1111.53	1214.62	-8.49
Kotak Mah. Bank	7880.95	8598.26	-8.34
HDFC Bank	24830.24	24221.38	2.51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Source: CapilinePlus

On Wednesday, the BSE Bankex lost 1% at 5,143.08. IOB, Bank of India, Vijaya Bank, PNB, Union Bank, Kotak Mahindra were the notable banks that moved downwards

By-Jhini Sinha Phira