Mumbai: Shares of Bank of India (BoI) on Thursday skyrocketed by over 22 percent after the company reported two-fold jump in net profit for the July-September quarter.
Shares of BoI closed at Rs 211.95, up by 22.66 percent, on the National Stock Exchange.
At the BSE, the scrip jumped 21.26 percent to settle at Rs 209.90 on the BSE. During the day, it had surged 23.62 percent to Rs 214.
BoI today reported a net profit of Rs 621.77 crore for the July-September quarter against a net profit of Rs 301.85 crore in the same period of last fiscal, 2012-13.
Total income in the second quarter of 2013-14 increased to Rs 10,339.55 crore from Rs 8,899.55 crore in the year-ago period, BOI said in a filing with the BSE.
As of September 30, 2013, BoI's portfolio quality improved with gross non-performing assets (NPAs) declining to 2.93 percent of gross advances, as against 3.42 percent in the year-ago period.