October 16, 2018 / 8:22 AM / in a month

BUZZ-India's Federal Bank surges on Q2 results beat

** Shares of mid-sized private-sector lender Federal Bank Ltd rise as much as 9.1 pct to 82.7 rupees, their highest level since Aug. 24

** Stock posts biggest intraday jump since July 17

** Lender’s Sept-qtr net profit grows marginally to 2.66 bln rupees ($36.11 mln), but beats analyst estimates of a profit of 2.14 bln rupees

** Bank says slippages on account of Kerala floods along guided lines; fresh slippages in qtr climb to 4.77 bln rupees

** Over 45 mln shares change hands, compared with the 30-day avg of about 11.9 mln shares

** Stock down about 30 pct this year as of last close ($1 = 73.6550 Indian rupees)

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