Shares of Bandhan Bank today surged nearly 7 per cent after the company's net profit jumped 47.51 per cent for the first quarter ending June 30.
The scrip of the Kolkata-headquartered bank soared 6.79 per cent to close at Rs 600.15 on BSE. Intra-day, it zoomed 8.10 per cent to Rs 607.55 -- its 52-week high.
At NSE, shares of the company jumped 6.44 per cent to end at Rs 599.
The company's market valuation went up by Rs 4,551.19 crore to Rs 71,586.19 crore.
On the equity volume front, 4.39 lakh shares of the company were traded on BSE and over 55 lakh shares changed hands at NSE during the day.
Bandhan Bank today reported a net profit of Rs 482 crore in the first quarter ending June 2018, registering a jump of 47.51 per cent.
The bank had posted a net profit of Rs 327 crore in the April-June quarter of 2017-18.
As per a regulatory filing of the bank, its total income was Rs 1,766.8 crore in the first three months of 2018-19, up from Rs 1,275.3 crore in the year-ago period.
The bank's Gross Non-Performing Asset (NPA) increased to 1.26 per cent of gross advances in the quarter under review compared to 0.93 per cent in the comparable period of the last fiscal.
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