JM Financial shares gain over 3% after Q4 results

Shares of JM Financial today rose by over 3 per cent after the company's March quarter net profit jumped almost 42 per cent.
The stock gained 2.86 per cent to end at Rs 120.65 on BSE. During the day, it jumped 6.39 per cent to Rs 124.80 -- its 52-week high.
On NSE, shares of the company rose by 3.2 per cent to close at Rs 120.85.
In terms of volume, 8.15 lakh shares of the company were traded on BSE, and over 41 lakh shares changed hands at NSE during the day.
JM Financial yesterday reported a healthy set of numbers for the March quarter with net profit jumping almost 42 per cent to Rs 210.5 crore, while its lending business closed the quarter with almost nil bad loans.

This record asset quality comes amidst the company's loan book crossing the Rs 10,000-crore-mark to reach Rs 11,343 crore, logging in a growth of 57.21 per cent.
Topline numbers, which grew almost 53 per cent to Rs 725 crore, were mostly driven by the investment banking, wealth management and securities businesses which clipped past 77 per cent, the company had said.