Vijaya Bank shares jump nearly 20 pc post stellar Q3 show

Shares of Vijaya Bank surged nearly 20 per cent today after the company reported a nearly four-fold jump in net profit for the third quarter ended December 31.
The stock skyrocketed 19.78 per cent to end at Rs 63.90 on BSE.
On NSE, it zoomed 19.73 per cent to close at Rs 64.
Led by the sharp gain in the stock, the company's market valuation rose by Rs 1,054.62 crore to Rs 6,382.62 crore.
On the volume front, 21.60 lakh shares of the company were traded on BSE and over one crore shares changed hands at NSE during the day.

State-owned Vijaya Bank has reported nearly four-fold jump in its net profit to Rs 230.28 crore for the third quarter ended December 31 despite rise in bad loans.

The bank had posted a net profit of Rs 52.61 crore in the October-December quarter of the 2015-16 fiscal, it said in a BSE filing today.
The bank's total income rose to Rs 3,714.37 crore in the quarter under review from Rs 3,237.02 crore in the same period a year ago, Vijaya Bank said.
The bank's gross non-performing assets (NPAs) rose to 6.98 per cent as against 4.32 per cent in the same quarter of last fiscal.