The stock quoted a 52-week excessive of Rs 83.35 and a 52-week low of Rs 10.4.
The channel for negotiation on merger between Lakshmi Vilas Bank and the Clix Group has now been activated with the latter submitting an indicative non-binding provide. The capital-starved bank introduced that it has acquired an indicative non-binding provide from Clix Group, elevating guarantees of its early revival.
Lakshmi Vilas Bank Ltd., integrated within the yr 1926, is a banking firm (having a market cap of Rs 678.48 Crore).
The Bank has reported a Gross Non Performing Belongings (Gross NPAs) of Rs 4142.37 Crore and Web Non Performing Belongings (Web NPAs) of Rs 1298.17 Crore.
Lakshmi Vilas Bank Ltd. key Merchandise/Income Segments embrace Curiosity & Low cost on Advances & Payments which contributed Rs 2163.15 Crore to Gross sales Worth (76.17 per cent of Whole Gross sales), Earnings From Funding which contributed Rs 666.35 Crore to Gross sales Worth (23.46 per cent of Whole Gross sales) and Curiosity which contributed Rs 3.54 Crore to Gross sales Worth (0.12 per cent of Whole Gross sales) for the yr ending 31-Mar-2019.
Promoters held 6.eight per cent stake within the firm as of quarter ended 31st Jun 2020.
It quoted a price-to-earnings ratio of -0.97 and price to guide value of 0.35.