Jana Small Finance Bank (JANA.NS) shares climbed to a fresh 52-week high on Thursday, surging as much as 6.5% in trading.
The rally was triggered by the lender’s announcement of a 52% year-on-year increase in net profit for the June quarter, signaling robust momentum in its core lending book.
The stock’s advance reflects investor confidence in the small finance bank segment’s ability to maintain growth despite a challenging macroeconomic backdrop.
Jana’s results stand out for their magnitude, with the profit jump significantly outpacing sector averages and reinforcing the bank’s strategy of expanding its retail loan portfolio.
This performance aligns with a broader trend of strength in Indian financial equities.
Earlier in the session, HDB Financial Services shares rose 4.6% to an intraday high of ₹786.55 on the National Stock Exchange, driven by record first-quarter profits.