SBT hits upper circuit on three fold jump

The stock got locked at its 5% upper limit at Rs 442.45. Around 19,130 shares were traded on the BSE as against the two-week daily average traded volumes of 7,460 shares. 825 shares were pening at the BSE today.
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(Updated at 1140 hrs)

State Bank of Travancore (SBT) has moved up 5% after the bank reported a three-fold surge in its first quarter net profit.

The stock today opened at Rs 439, and touched a low of Rs 435. The scrip then moved up to a high of Rs 442.45. The stock is now trading at Rs 440, up 4.5% from the previous close.

The counter has seen trades of 18,185 shares as compared to the two-week daily average traded volumes of 7,460 shares on the BSE so far.

The bank has posted a 337% zoom in net profit for this quarter at Rs 179.58 as compared to Rs 41.12 crore in the corresponding quarter, a year ago.

The net interest income also adavanced 30% to Rs 332.85 crore as compared to Rs 255.23 crore on an year on year basis.