ICICI Bank surges 9%, hits new high on strong September quarter results

In Q2, ICICI Bank reported a 30 per cent year-on-year jump in net profit aided by robust net interest income and other income as well as lower provisions.

Shares of ICICI Bank surged 9 per cent to hit a new record high of Rs 827 on the BSE in Monday's intra-day trade after the private sector lender on Saturday reported a 30 per cent year-on-year (YoY) jump in net profit in the July-September quarter (Q2FY22), aided by robust net interest income (NII) and other income as well as lower provisions. In comparison, the S&P BSE Sensex was down 0.17 per cent at 60,717 points at 09:33 am.

ICICI Bank surpassed FMCG major Hindustan Unilever (HUL) to become India's 5th most valuable company. On Monday, its shares closed