The Central Bank of India slipped 4.01% to Rs 34.75 in four consecutive days.

On December 14, the shares of the Central Bank of India (CBI) fell 12.58% from its recent closing high of Rs 39.75.

On the Bombay Stock Exchange (BSE), 37.38 lakh shares were traded compared to daily average volumes of 122.73 lakh last week. Today, the stock hit a high of Rs 37.2 and a low of Rs 34.3.

In December, the stock hit a 52-week high of Rs 41.8. On June 22, the stock hit a 52-week low of Rs 16.1. The stock had outperformed the market over November compared with a 0.16% rise in the Sensex. The scrip had outperformed the market in the September quarter, soaring 70.76% against Sensex’s 2.55% increase.

In 2021, the counter outperformed the market, surging 64.3% against a 9.71% jump in the Sensex.

The stock was trading above its 50-day simple moving average (SMA) placed at 25.0, 100-day simple moving average (SMA) placed at 22.17, and 200-day simple moving average (SMA) placed at 20.21. 

The state-run public sector bank’s stake held by the Government of India is 93.08%.

On a consolidated basis, the bank’s net profit hit a high 27.26% to Rs 318.17 crore on an 8.24% increase in total income to Rs 7,064.96 crore in the July-September quarter of FY23 over the July-September quarter of FY22.