Corporation Bank stock rises 13% on Q2 earnings

The Corporation Bank stock rose on Tuesday after the bank reported a 9 per cent rise in net profit at Rs 206.28 crore for the quarter ending September despite rise in provisioning for bad loans.
The stock rose 13 .06 per cent to Rs 47.60 level in an otherwise falling market.
It opened at Rs 45 level and hit an intra-day high and low of Rs 48.85 level and Rs 44.40, respectively on the BSE.
The state-owned bank had a profit of Rs 188.60 crore during the second quarter of the last financial year.