Indian Overseas Bank (IOB) shares jumped on Wednesday after the bank has reported a growth of 4.56 times in its fourth quarter net profit. The bank earned a profit of Rs 2.68 billion for the quarter ended Mar. 31, 2014 compared with Rs 588.70 million in the last year period.

The bank's quarterly income totaled at Rs 64.76 billion, an increase of 9.80% over Rs 58.98 billion in the same period a year ago.

Shares of the bank are trading at Rs 60.90, up Rs 5.85, or 10.63% at the Bombay Stock Exchange (BSE) on Wednesday at 10:29 a.m.

The scrip has touched an intra-day high of Rs 61.60 and low of Rs 55.90. The total volume of shares traded at the BSE is 1,447,270.

In the earlier session, the shares declined 0.18%, or Rs 0.1, at Rs 55.05.

Currently, the stock is trading down 7.24% from its 52-week high of Rs 65.65 and above 63.93% over the 52-week low of Rs 37.15.