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Centurion Bank scrip surges on merger buzz(The Hindu Business Line 22th Feb 2008)The share price of Centurion Bank of Punjab on Wednesday shot up 14 per cent on the BSE, spurred on by rumours of a possible merger with HDFC Bank.
The traded volumes as also the volume that came up for delivery were substantially higher than the average for the current month.
The stock of Centurion Bank of Punjab (CBoP) opened the day at Rs 51.50 on the BSE, touched a high of Rs 58.40 and low of Rs 50.10, finally closing the day at Rs 57.05.
As many as 1.5 crore shares changed hands as compared to the average volume of 20.82 lakh shares on the BSE, while the deliverable quantity was around 16.77 per cent of the total traded quantity.
On the NSE, the volumes crossed over two crore, with a little more than a fifth (23 per cent) of it coming up for delivery at close.
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