Shares of Bank of Baroda rallied nearly 11 per cent on the Bombay Stock Exchange after the public sector lender posted a sharp increase in net interest income (NII) despite 50 per cent decline in the net profit for the quarter ended December 2017.
Following Q3, stocks of the bank gained as much 10.77 per cent to touch an intra-day high of Rs 173.25 apiece on the Bombay Stock Exchange.
In a similar fashion, shares of the lender were trading 6.82 per cent higher at Rs 166.90 apiece on the National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 34,220.40, up 214.64 points, or 0.63 per cent, at 11:50 hours.