October 30, 2018 / 9:14 AM / 17 days ago

BUZZ-India's Bank of Maharashtra jumps on first quarterly profit in 11

** Shares of Bank of Maharashtra Ltd jump 19.8 pct to 13.9 rupees, highest since Sept 18, after the lender posted its first quarterly profit in 11

** Stock posts sharpest intraday pct gain since Oct 25, 2017

** Lender said September-quarter net profit 270 mln rupees ($3.67 mln), compared with a loss of 232.4 mln rupees a year earlier

** Asset quality also improved at the state-run bank; gross bad loans as a pct of total loans stood at 18.64 pct at end-Sept, compared with 21.18 pct in the previous quarter

** Stock sees heaviest trading volume since mid-December 2017; about 7.9 mln shares change hands, compared with 30-day avg of 442,200 shares

** Up to last close, stock down 49.2 pct this year ($1 = 73.5900 Indian rupees)

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