Private sector lender ICICI Bank today rose over 3 per cent on the Bombay stock Exchange after the company reported a handsome 16 per cent growth in net profit for the first quarter of this fiscal.
Shares of ICICI Bank jumped 3.33 per cent to touch Rs 934.60 on the Bombay Stock Exchange. The scrip was quoting at Rs 932.40, up 3.09 per cent at 1028 hours.
On the National Stock Exchange, the scrip was trading at Rs 932.90, up 3.09 per cent.
The broader market Sensex was also quoting 165.33 points higher at 18,033.62 points.
The company, on Saturday, reported a 16.8 per cent jump in net profit at Rs 1,026 crore for the first quarter ended June 30, 2010.
The bank also expects a credit growth of 20 per cent this fiscal on the back of improving loan demand in retail, small and medium enterprise and corporate portfolios.