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Shares of Federal Bank Ltd rose as much as 4.4 per cent, their highest since May 2018.
The bank had posted a nearly two-fold jump in March-quarter consolidated profit on Saturday .
Around 9.4 million shares change hands in early trade hours compared with the 30-day average of about 11.7 million shares.
The stock was up 4.7 per cent upto Friday’s close.
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