Share price of ICICI Bank plunged over 5 per cent, here on Monday, despite an improved quarterly result. The analysts attributed the slump to the lower-than-expected rise in profits.
At 2.26 p.m, the bank’s share was trading on the BSE at Rs 321.70, lower by Rs 16.05 or 4.75 per cent from the previous close.
On Saturday, the bank reported a 26 per cent year-on-year rise in standalone net profit for the fourth quarter of 2019-20 at Rs 1,221 crore.
BhaskarLive brings to you latest news from India and the world, breaking round the clock.
No comments:
Post a Comment