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ICICI Bank gains over 2% after robust Q4 numbers
Investors cheered ICICI Bank's smart fourth quarter numbers, pushing up the banking major's shares over 2 percent.
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Mumbai: Investors cheered ICICI Bank's smart fourth quarter numbers, pushing up the banking major's shares over 2 percent.
The lender's shares ended at Rs 860.75, up 2.28 percent on the BSE, helping the benchmark Sensex recoup its intra-day losses. During the day, the stock rose by about 4 per cent to Rs 874.50.
On the NSE, the stock closed at Rs 860.40, up 2.25 percent.
In terms of volume, 19.61 lakh shares of the company changed hands on the BSE, while over one crore shares were traded on the NSE.
"The better-than-expected results of ICICI Bank gave a booster to the overall banking stocks," Alex Mathews Head Research Geojit BNP Paribas said.
ICICI Bank on Friday reported 31 percent jump in net profit at Rs 1,902 crore for the fourth quarter of the 2011-12 fiscal.
It had profit of Rs 1,452 crore in the January-March quarter, 2010-11, ICICI Bank said in a statement.
During Q4, its total income increased to Rs 11,403 crore, from Rs 8,797 crore in the same quarter of the previous fiscal, the bank said.
PTI
The lender's shares ended at Rs 860.75, up 2.28 percent on the BSE, helping the benchmark Sensex recoup its intra-day losses. During the day, the stock rose by about 4 per cent to Rs 874.50.
On the NSE, the stock closed at Rs 860.40, up 2.25 percent.
In terms of volume, 19.61 lakh shares of the company changed hands on the BSE, while over one crore shares were traded on the NSE.
"The better-than-expected results of ICICI Bank gave a booster to the overall banking stocks," Alex Mathews Head Research Geojit BNP Paribas said.
ICICI Bank on Friday reported 31 percent jump in net profit at Rs 1,902 crore for the fourth quarter of the 2011-12 fiscal.
It had profit of Rs 1,452 crore in the January-March quarter, 2010-11, ICICI Bank said in a statement.
During Q4, its total income increased to Rs 11,403 crore, from Rs 8,797 crore in the same quarter of the previous fiscal, the bank said.
PTI
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