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ICICI Bank surges on reporting 52% rise in Q1 consolidated net profit
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ICICI Bank is currently trading at Rs. 681.95, up by 5.30 points or 0.78% from its previous closing of Rs. 676.65 on the BSE.
The scrip opened at Rs. 681.00 and has touched a high and low of Rs. 684.40 and Rs. 663.90 respectively. So far 377411 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 684.40 on 26-July-2021 and a 52 week low of Rs. 334.00 on 24-Sep-2020.
Last one week high and low of the scrip stood at Rs. 684.40 and Rs. 639.40 respectively. The current market cap of the company is Rs. 472590.59 crore.
The Institutions and Non-Institutions held 89.98% and 10.02%, stake in the Bank respectively.
ICICI Bank has reported results for first quarter ended June 30, 2021.
The bank has reported 77.60% rise in its net profit of Rs 4616.02 crore for the quarter under review as against net profit of Rs 2599.15 crore for the same quarter in the previous year. However, total income of the bank decreased 6.47% at Rs 24379.27 crore for Q1FY22 as compared Rs 26066.95 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported 52.27% rise in its net profit of Rs 4747.42 crore for the quarter under review as against net profit of Rs 3117.68 crore for the same quarter in the previous year. Total income of the bank increased by 2.41% at Rs 38852.60 crore for Q1FY22 as compared Rs 37939.32 crore for the corresponding quarter previous year.
