ICICI Bank hits record high post stellar Q1; slips later on profit booking

ICICI Bank reported a strong earnings performance, led by robust core PPOP (pre-provisioning operating profit) performance and controlled provisions

Shares of ICICI Bank hit a frsh record high of Rs 681.40, up 1 per cent on the BSE in Monday's intra-day trade, after the private sector lender reported a strong set of numbers for the quarter ended June 2021 (Q1FY22). The stock surpassed its previous high of Rs 679, touched on February 16, 2021.

The stock, however, slipped nearly 3 per cent from its intra-day high on profit booking. At 09:21 am, it traded 1.4 per cent lower at Rs 667.20 on the BSE. In comparison, the S&P BSE Sensex was down 143 points at 52,833 levels. Prior