Good results spur Dhanalakshmi Bank

DALAL STREET SPIKES

Dhanalakshmi Bank shares rose 5.14 per cent to Rs 51.1 on the announcement of its December quarter results. Net profit rose 205 per cent y-o-y to Rs 16.9 crore in its third quarter ended December 31, 2008, whereas total income jumped 44 per cent to Rs 123.86 crore in the same period.

The stock hit an intra-day high of Rs 52.2 and a low of Rs 48.7. The stock witnessed trading volumes of 55,985 shares, about four times higher vis-à-vis its two-week average.