Business Standard

ICICI Bank gains 5% in weak market after posting Rs 1,980 cr profit in Q1

The stock was trading close to its all-time high level of Rs 444 touched on June 27, 2019, on the BSE in intra-day trade

ICICI Bank
Premium

SI Reporter New Delhi
Shares of ICICI Bank rallied 5 per cent to Rs 435 on the BSE on Monday in early morning trade, after the bank reported a standalone net profit of Rs 1,908 crore in June quarter (Q1FY20), mainly on account of lower provisioning for bad loans and higher retail loan growth. The private sector lender had posted net loss of Rs 120 crore in the same period a year ago.

The stock was trading close to its all-time high level of Rs 444 touched on June 27, 2019, on the BSE in intra-day trade. The trading volumes on the counter

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in