You are here: Home » Markets » News
Business Standard

ICICI Bank zooms 6%, at 52-week high on BSE

Press Trust of India  |  Mumbai 

Extending its rally for the second straight session, private-sector lender ICICI Bank today soared nearly six per cent to reach its year-high of Rs 1,230.90 at the Bombay stock Exchange (BSE), post the company's strong September-quarter numbers on Friday.

Shares of ICICI Bank witnessed a surge of 5.96 per cent and touched its 52-week high of Rs 1,230.90 in the morning trade on the BSE and emerged as the top performer in the Sensex.

The lender had on Friday rose 6.54 per cent to close at Rs 1,161.65, after reporting a net profit of Rs 1,395 crore for the quarter ended September 30.

In a similar fashion, the scrip shot-up 6.71 per cent to trade at Rs 1,241 on the National Stock Exchange after the company's better-than-expected numbers.

On the volume front, over 61 lakh shares of the company were trading on the two bourses within first few hours of trade.

The company had reported a 21.8 per cent jump in its second quarter net profit at Rs 1,395 crore, as against Rs 1,145 crore in the July-September quarter last fiscal.

Meanwhile, the BSE Sensex was trading at 20,372.50, higher by 340 points.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, November 01 2010. 11:54 IST