The block deal constituted 0.67% of the bank's equity.

Meanwhile, the BSE Sensex was up 70.15 points, or 0.51%, 13,839.30.

On BSE, 4.30 lakh shares were traded in the counter. The stock had an average daily volume of 15,713 shares in the past one quarter.

The stock hit a high of Rs 275 and a low of Rs 267.20 so far during the day. The stock hit a 52-week high of Rs 410.50 on 4 August 2008 and a 52-week low of Rs 158 on 12 March 2009.

The mid-cap bank stock had underperformed the market over the past one month till 8 July 2009, falling 10.43% as compared to the Sensex's 8.98% fall. It had outperformed the market in the past one quarter, rising 32.65% as compared to the Sensex's return of 27.45%.

The bank's current equity is Rs 53.95 crore. Face value per share is Rs 10.

The current price of Rs 271.50 discounts the bank's Q4 March 2009 annualized EPS of Rs 62.15, by a PE multiple of 4.37.

In the Union Budget 2009-2010 announced on Monday, 6 July 2009, the government did not announce any sops for the banking sector. Banks were anticipating to get tax relief on interest earned on infrastructure lending in the Union Budget 2009-2010.

Karur Vysya Bank's net profit rose 18.8% to Rs 83.82 crore on 22.9% growth in operating income to Rs 435.19 crore in Q4 March 2009 over Q4 March 2008.

The bank's gross non-performing assets (NPA) rose 5.97% to Rs 205.86 crore as at 31 March 2009 from Rs 194.27 crore as on 31 March 2008. The ratio of gross NPAs declined to 1.95% as of 31 March 2009 from 2.03% as of 31 March 2008. The net NPA as of 31 March 2009 was at 0.25%.

The bank's focus is on retail and small and medium enterprises segment.