UTI Bank holds fort on robust Q2 results

DALAL STREET SPIKES

The UTI Bank scrip was up 1.67 per cent to Rs 258.20 as compared with its previous close of Rs 253.95 because of their robust Q2 results.

Around 3.85 lakh shares exchanged hands in the counter on BSE. The scrip performed well in today's subdued market. For the quarter ended September 2005, UTI bank's net profit jumped 135.8 per cent to Rs.109 crore as against 46.22 crore in the corresponding quarter last year.

The gross interest income rose 53 per cent to Rs.687.60 crore from Rs.449.30 crore.