Bandhan Bank surged 5.57% to Rs 593.30 at 15:18 IST on BSE after net profit jumped 47.51% to Rs 481.71 crore on 38.54% rise in total income to Rs 1766.86 crore in Q1 June 2018 over Q1 June 2017.
The result was announced during market hours today, 18 July 2018.On the BSE, 3.44 lakh shares were traded on the counter so far as against the average daily volumes of 1.01 lakh shares in the past two weeks. The stock hit a record high of Rs 598.50 in intraday trade today, 18 July 2018. The stock has hit a low of Rs 565 so far during the day. The stock had hit a record low of Rs 455 on 27 March 2018.
The large-cap bank has equity capital of Rs 1192.80 crore. Face value per share is Rs 10.
Shares of Bandhan Bank settled at Rs 477.20, a premium of 27.25% over the issue price of Rs 375 on its debut on the bourses on 27 March 2018.
Bandhan Bank is a commercial bank focused on serving underbanked and underpenetrated markets in India. The bank currently offers a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services to generate non-interest income.
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