Shares of South Indian Bank rebounded over 2 per cent on the Bombay stock Exchange after the private sector lender reported a marginal growth of 3.52 per cent on year-on-year basis in its net profit at Rs 75.54 crore in the fourth quarter ended March 31, 2017, driven by increase in net interest income.
Rebounding from previous session losses, shares of the bank gained as much as 2.23 per cent to hit intra-day high of Rs 25.20 apiece on the Bombay Stock Exchange. The scrip was currently trading at Rs 25.10 against previous close price of Rs 24.65.
In a similar fashion, stocks of lender were trading 1.85 per cent higher at Rs 25.10 apiece on the National Stock Exchange.
Meanwhile, the broader benchmark BSE Sensex was trading at 30,423.57, up 101.45 points or 0.33 per cent, at 11:48 hour.