Development Credit Bank (DCB), the private sector bank, witnessed a rise in share price on Wednesday after it reported a net profit of Rs 629.45 million for the quarter ended Mar. 31, 2015, an increase of 61.07% from net profit of Rs 390.79 million in the same period last year.
Total income has gone up 24.63% to Rs 4.25 billion for the quarter ended Mar. 31, 2015 from Rs 3.41 billion in the year ago period.
Shares of the bank are trading at Rs 122.90, up Rs 7.65, or 6.64% at the Bombay Stock Exchange (BSE) on Wednesday at 10:35 a.m.
The scrip has touched an intra-day high of Rs 126 and low of Rs 120.35. The total volume of shares traded at the BSE is 820,924.