Lakshmi Vilas Bank Nosedives Nearly 11% On Profit Booking

Posted By: Religare
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Shares of Lakshmi Vilas Bank plunged nearly 11 per cent on the Bombay Stock Exchange amid profit booking after private sector lender reported a 6.2 per cent rise in its fourth quarter profit at Rs 52.16 crore, against Rs 49.07 crore in the year-ago quarter.

Lakshmi Vilas Bank Nosedives Nearly 11% On Profit Booking
Lakshmi Vilas Bank: Quotes, News
BSE 177.90BSE Quote0.4 (0.22%)
NSE 177.80NSE Quote0.9 (0.51%)
Weighed down by profit booking, shares of the bank declined as much as 10.75 per cent to hit intra-day low of Rs 175.00 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 184.00 against previous close price of Rs 196.10.

In a similar fashion, stocks of lender were trading 5.60 per cent lower at Rs 184.55 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 30,092.85, down 40.50 points or 0.13 per cent, at 11:10 hour.

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