ICICI Bank gains on reporting 19% rise in Q3 consolidated net profit

ICICI Bank is currently trading at Rs. 812.60, up by 8.00 points or 0.99% from its previous closing of Rs. 804.60 on the BSE.

icici bank targeting to double number of fastags to 4 million in six months
icici bank targeting to double number of fastags to 4 million in six months

The scrip opened at Rs. 818.80 and has touched a high and low of Rs. 818.80 and Rs. 802.80 respectively. So far 316730 shares were traded on the counter.

ICICI Bank The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 859.70 on 25-Oct-2021 and a 52 week low of Rs. 512.10 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 836.00 and Rs. 795.55 respectively. The current market cap of the company is Rs. 562718.10 crore.

The Institutions and Non-Institutions held 89.29% and 10.70% stake respectively in the company.

ICICI Bank has reported a rise of 25.39% in its net profit at Rs 6193.81 crore for the quarter ended December 31, 2021 as compared to Rs 4,939.59 crore for the same quarter in the previous year. Total income of the Bank increased by 10.87% at Rs 27,069.67 crore for Q3FY22 as compared Rs 24,416.06 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported a rise of 18.89% in its net profit at Rs 6,536.55 crore for the quarter under review as compared to Rs 5,498.15 crore for the same quarter in the previous year. However, total income of the Bank decreased by 1.37% at Rs 39,865.80 crore for Q3FY22 as compared Rs 40,419.08 crore for the corresponding quarter previous year.