Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

Nomura Singapore Buys 13.7 Lakh Shares of Karnataka Bank

20 Oct 2016Aakash Agarwal1 min read

Quick Facts

What is "Nomura Singapore Buys 13.7 Lakh Shares of Karnataka Bank" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 20 October 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: KTKBANK, NOMURA SINGAPORE
What does the "Today’s Big Deal:" section say?: Karnataka Bank, a leading 'A' Class Scheduled Commercial Bank in India, was incorporated on February 18th, 1924 at Mangaluru, a coastal town of Dakshina Kannada district in Karnataka State. The bank took shape in the aftermath of patriotic zeal that engulfed the nation during the freedom movement of 20th Century India. Over the years the Bank grew with the merger of Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and Bank of Karnataka. Witnessing a MACD Bullish Crossover, the stock closed at Rs. 155.60/- or +2.53%. Karnataka Bank recently won the 'Best Financial Institution (Southern Region) award from FIEO for the support extended to export business.

We bring you the “Big Deals” for today. A summary of the most important Bulk and Block Deals.

Today’s Big Deal:

Karnataka Bank, a leading ‘A’ Class Scheduled Commercial Bank in India, was incorporated on February 18th, 1924 at Mangaluru, a coastal town of Dakshina Kannada district in Karnataka State. The bank took shape in the aftermath of patriotic zeal that engulfed the nation during the freedom movement of 20th Century India. Over the years the Bank grew with the merger of Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and Bank of Karnataka.

Witnessing a MACD Bullish Crossover, the stock closed at Rs. 155.60/- or +2.53%. Karnataka Bank recently won the ‘Best Financial Institution (Southern Region) award from FIEO for the support extended to export business.

Nomura Singapore acquired 1,379,000 shares or 0.73%. The stock is also held by Big Whale Investor Vijay Kishanlal Kedia who currently holds 25 lakh shares or 1.33%.