The stock gained 3.77 per cent to settle at Rs 158.45 on BSE. During the day, it soared 7 per cent to Rs 163.40.
On NSE, it jumped 3.86 per cent to close at Rs 158.45.
The bank had reported a net loss of Rs 741.36 crore in the April-June quarter of previous fiscal due to bad assets and higher provisioning to cover it.
The bank improved on its asset front with gross non- performing assets falling to 13.05 per cent of the gross advances as on June 30, 2017 from 13.38 per cent at the end- June 2016.
Net NPAs or bad loans also fell to 6.70 per cent of the net advances by June end this year, as against 7.78 per cent a year ago.