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Volumes are rarely an issue with Centurion Bank of Punjab, possibly the lowest-priced private bank stock in the country on Friday.

The Re 1-face valued counter, which closed at Rs 24.80 on the NSE, today saw a large number of shares, over 23 lakh, being traded. There is buying all right in the scrip, say marketmen, while referring to the view that greater benefits will soon start flowing from the recent merger between Centurion Bank and Bank of Punjab.

The bank's equity is now largely owned by a string of foreign institutions. On Friday, the stock (its 52-week peak is Rs 29) had reached a high of Rs 26.25.

Nilanjan Dey

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