Vijaya Bank has soared after reporting a 93.3% jump in net profit to Rs 507.29 crore in the year ended March 2010 over the year ended March 2009. The stock is quoting at Rs 55, higher by 2.8% on the BSE.
For the fourth quarter ending March 2010, the bank saw its net profit touch Rs 130.92 crore, up by 28 per cent, the bank chairman and managing director Albert Tauro told reporters here.
The Bangalore-based bank's total business was up by 15 per cent at Rs 1,03,867 crore. The net interest margin for the full fiscal stood at 2.54 per cent as against 2.04 per cent last year. Net interest income for the year rose by 28.83 per cent.
The counter has seen total trades of 13.36 lakh shares as against the two-week average of 8.38 lakh shares.