Bank of India's scrip today rose by over 3 per cent after the company posted a net profit of Rs 101.72 crore for the third quarter of the current fiscal.
The stock gained 3.09 per cent to end at Rs 136.75 on BSE. During the day, it went up by 4.44 per cent to Rs 138.55 -- its 52-week high.
At NSE, shares of the company jumped 3.12 per cent to close at Rs 136.85.
Public sector Bank of India today posted a net profit of Rs 101.72 crore for the third quarter of the current fiscal on lower provisions for bad loans.
The bank had reported a net loss of Rs 1,505.58 crore in the corresponding October-December quarter of previous fiscal 2015-16.
"Total income has increased to Rs 11,594 crore during the third quarter of current fiscal from Rs 11,086.95 crore for the same quarter a year ago," Bank of India said in a regulatory filing.
Provisioning for bad loans was lower at Rs 2,546.20 crore in the quarter than Rs 3,603.92 crore in the third quarter of previous fiscal.
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