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This bank's shares surged 56% in 3 days; here's why

Updated : June 03, 2020 11:56 AM IST

The lender has risen as much as 56.3 percent in 3 sessions from Rs 20.40 per share on May 29 to Rs 31.90 today.
The profit in Q4 came as net interest income of the bank rose while provisions declined.
In Q4FY20, the bank reported a net profit of Rs 135 crore as against a net loss of Rs 4,918 crore in the corresponding period of last year.
This bank's shares surged 56% in 3 days; here's why

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