ICICI Bank shares up 4%;m-cap surges Rs 6,725.5 cr post Q1 nos

Shares of ICICI Bank jumped 4 per cent today, adding Rs 6,725.5 crore to its market valuation, after the company reported 12.08 per cent growth in net profit for the quarter ended June.
The blue-chip stock ended the day with a gain of 3.97 per cent at Rs 302.50 on the BSE. During the day, it rallied 6.16 per cent to Rs 308.90.
At the NSE, shares of the company settled 3.91 per cent higher at Rs 302.40.
Boosted by the rally in the stock, the company's market valuation rose by Rs 6,725.5 crore to Rs 1,75,592.50 crore.
On the volume front, 43.20 lakh shares of the company changed hands at the BSE and over 3 crore shares were traded at the NSE during the day.

Private sector lender ICICI Bank today reported 12.08 per cent growth in net profit at Rs 2,976.16 crore, its record quarterly profit, for the quarter ended June despite increase in stress on asset quality.

The bank had a standalone net profit of Rs 2,655.30 crore in the corresponding quarter of the last fiscal.
The gross non-performing assets (NPAs) as a percentage of total advances of the bank rose to 3.68 per cent during the quarter under review from 3.05 per cent in the same quarter last fiscal, ICICI Bank said in a filing to BSE.
However, on quarter-on-quarter basis, it came down to 3.68 per cent during the quarter under review from 3.78 per cent in March quarter.

Net NPA of the bank also rose to 1.58 per cent against 0.99 per cent in the same period a year ago.
Meanwhile, the BSE Sensex ended the day with a gain of 409.21 points at 28,114.56.