Jana SFB shares hit 52-week high as Q1 profit jumps 52%

Shares of Jana Small Finance Bank surged as much as 6.5 per cent to a fresh 52-week high on Thursday after the lender reported a 52 per cent rise in net profit for the June quarter.

The stock climbed to a 52-week high of ₹521.05 during the session before trading 3 per cent higher at ₹502.20 at 11.47 am, compared with the previous close of ₹488.90.

The rally came after the bank reported a net profit of ₹155 crore for the quarter ended June 2026, up 52 per cent from ₹102 crore in the corresponding quarter of the previous financial year.

Total income rose to ₹1,741 crore during the June quarter from ₹1,506 crore in the same period of FY26.

ICICI Lombard shares slump 15% to 52-week low after weak Q1 results trigger brokerage downgrades

Nuvama Institutional Equities maintained its buy rating on the stock and raised its target price to ₹590 from ₹560.

The brokerage said the outlook for FY27 remained constructive, supported by a steady recovery-led growth trajectory. It added that profitability would be aided by a steady net interest margin, improved operating leverage and benign credit costs.

Nuvama said the bank had guided for more than 80 per cent growth in profit after tax, along with higher return on assets and return on equity, signalling a transition towards a more normalised and profitable growth phase.

Systematix Institutional Equities also retained its buy rating with a target price of ₹59. It said sustained execution and consistent delivery on stated metrics would be critical for any meaningful re-rating of the stock. It added that its estimates did not factor in any potential benefits from the grant of a universal banking licence.