Shares of Bank of Maharashtra on Wednesday surged by nearly 9 per cent after the company reported a jump of 55.6 per cent in net profit for the third quarter ended December 2015.
The stock zoomed 8.70 per cent to settle at Rs 31.85 on BSE. During the day, it surged 14.16 per cent to Rs 33.45.
At NSE, shares of the company climbed 8.13 per cent to end at Rs 31.90.
The company’s market valuation rose by Rs 606.14 crore to Rs 3,721.14 crore.
In terms of volume, 4.29 lakh shares of the company changed hands at BSE and over 33 lakh shares were traded at NSE during the day.
State-owned Bank of Maharashtra today reported a jump of 55.6 per cent in net profit at Rs 89.06 crore for the third quarter ended December 2015.