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IDFC Bank Surges Nearly 7% on Strong Q4

By Religare
|

Shares of IDFC Bank rallied nearly 7 per cent on the Bombay Stock Exchange after private sector lender reported a 6.6 per cent rise in its fourth quarter profit at Rs 176 crore, against Rs 165.1 crore in the year-ago quarter.

IDFC Bank Surges Nearly 7% on Strong Q4
 

Following the Q4 numbers, shares of the bank gained as much as 6.81 per cent to hit intra-day high of Rs 63.50 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 61.75 against previous close price of Rs 59.45.

In a similar fashion, stocks of lender were trading 4.21 per cent higher at Rs 61.90 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 30,106.57, up 163.33 points or 0.55 per cent, at 12:10 hour.

Read more about: bse idfc nse q4
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