ICICI Bank Share Price rising: On March 24, its stock reached Rs 263 level, which is a 52-week low. In the last six months, it has risen by 52 per cent so far from its minimum level.
Today, ICICI Bank’s stock is seeing a tremendous boom. In fact, the company’s net profit increased six times in the September quarter. After the result, its stock is going up. The Sensex was witnessing a decline of over 0.50 per cent in the first hour of trading.
4.7 per cent rise
ICICI Bank shares are up 4.7 per cent at 10.15 am. At the time, ICICI Bank’s stock was trading at Rs 410.18, with a gain of Rs 18.20. Its stock reached Rs 263 on 24 March amid the Corona epidemic.
Bounce 52 per cent below a minimum level
Its stock reached a level of Rs 263 on March 24, a 52-week low. In the last six months, it has risen by 52 per cent so far from its minimum level.
Net profit 4251 crores in September quarter
ICICI Bank’s profits increased manifold during the Corona period. The bank has released the results for the July-September quarter. Net profit has increased six times year-on-year. The bank made a profit of Rs 4251 crore in the September quarter. The bank had a profit of 655 crores in the September quarter of 2019. Net interest income i.e. NII has also increased by 16%. NII stood at 9366 crores in the September quarter, compared to 8057 crores in the September quarter of 2019.