Block deal booster for ICICI Bank

Dalal Street Spikes

 More than 25.72 lakh shares were traded on the BSE. The counter surged in early trades today after a block deal of 20 lakh shares on the counter.

 According to market buzz, a single block deal of 20 lakh shares took place on the counter in early trades, at a price of Rs 250 per share though players involved in the deal were not known.

 The bank reported a 40.7 per cent rise in net profit to Rs 401.4 crore (Rs 285.3 crore) for the second quarter ended September 30. An increase in retail lending and rise in treasury income are some of the major reasons for the rise in net profit.