Shares of Syndicate Bank today
jumped over 14 per cent after the lender reported 27.68 per
cent jump in the July-September quarter profit.
Opening the day on a positive note, the stock soared 14
per cent to Rs 94 on BSE.
On NSE, it surged 14.12 per cent to Rs 94.15.
The state-owned bank yesterday reported 27.68 per cent
jump in the July-September quarter profit to Rs 105.24 crore
on annual basis, notwithstanding the rise in bad loans.
The Manipal-headquartered bank had posted a profit of Rs
82.42 crore in the same quarter of the previous fiscal.
Its total was income was Rs 6,419.21 in the second
quarter of the current fiscal, down from Rs 6,574.93 crore in
the comparable period of 2016-17.
Operating profit, however, increased to Rs 1,17,3.74
crore from Rs 1,016.54 crore in the year ago quarter.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)