Vijaya Bank hits fresh 52-week high ahead of Q4 results

Since Feb 2, post Q3 results, the stock surged 75% as compared to 6% rise in Nifty 50 index.

Vijaya Bank hit a fresh 52-week high of Rs 93.40, up 5.5% on the National Stock Exchange (NSE) in intra-day trade even as most public sector banks were trading lower ahead of January-March quarter (Q4FY17) results today.

At 10:29 am; Nifty PSU Bank index, the largest loser among sectoral indices,  was down 1.55% on profit booking. On comparison, the benchmark Nifty 50 index was up 0.06% at 9,320 points.

The board of directors of the bank is scheduled to meet today to consider the audited financial results of the bank, for the quarter and year ended