ICICI Bank shares were trading nearly 6 per cent up on Friday after India’s biggest private sector lender by assets, reported a marginally better-than-expected 12 per cent rise in quarterly profit and said its bad-loan ratio fell sequentially, sending its shares more than 5 per cent higher.
At 1.17 pm, the shares of ICICI Bank were up 5.45 per cent at Rs 306.80 on BSE. On NSE, the shares were up 5.58 per cent at Rs 307.25 during the same time.
Post result, shares of ICICI Bank were trading at Rs 308.90, up 6.16 per cent on BSE.
Shares in ICICI Bank were trading 5.8 per cent higher by 0705 GMT in a Mumbai market that gained 1.26 per cent. The stock has underperformed the banking sector index and the benchmark index this year.