The stock finally ended at Rs 272, up over 3%. In the process it has gained 7% in the past week. Over 649,000 shares were traded on the BSE today.
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(Updated at 1123 hrs)
Canara Bank has gained on the back of a massive soar in net profit for the June quarter.
The stock today opened at Rs 267 and soared to a high of Rs 275. The scrip is now trading at Rs 270, up 2.5% from the previous close. Around 101,565 shaes have been traded at the counter on the BSE so far as against the two-week daily average traded volumes of 15,182 shares
Canara Bank has reported a surge of 354% in net profit for the June quarter at Rs 555 crore as against Rs 122 crore in the same quarter, a year ago.
The total income advanced by more than 22% at Rs 5,031 crore as compared to Rs 4,099 crore in the previous quarter, a year ago.