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The stock advanced 2.51 per cent to its 52-week high of Rs 1,135 on the BSE. On the NSE, it climbed 2.44 per cent to hit the 52-week high of Rs 1,135. ....
Amidst a lack of major events, in the week ahead, markets mood will be swayed by the upcoming Q4 earnings along with global trends. The equities will also react to Infosys and HDFC Bank s quarter prints. ....
Market participants hailed the March quarter (Q4FY21) results of private lender ICICI Bank as negligible debt restructuring, healthy operational performance, and stable growth outlook kept investor confidence intact. At the bourses, the stock of the lender zoomed 6 per cent in the intra-day deals to a high of Rs 605 on the National Stock Exchange. In comparison, the benchmark Nifty50 index was ruling 1 per cent higher at 14,500 at 9:45 am while the Nifty Bank index was up 2 per cent. The lender on Saturday reported a net profit of Rs 4,403 crore in the March quarter of FY21, up 260 per cent year-on-year (YoY) from Rs 1,221 crore reported in the same period last year. Its operating profit, meanwhile, grew around 16 per cent YoY driven by an 17 per cent YoY increase in net interest income (NII) at 10,431 crore. The same was Rs 8,927 crore in Q4FY20. Further, the net interest margin (NIM) was 3.84 per cent in Q4FY21 as compared to 3.67 per cent in Q3FY21 and 3.87 per cent in Q4 ....