ICICI Bank shares climb nearly 3 pc post-earnings announcement

New Delhi: Shares of ICICI Bank climbed nearly 3 per cent on Monday morning trade after the company posted a nearly 10 per cent increase in consolidated net profit for the June quarter.

The stock went up 2.67 per cent to Rs 1,239.95 on the BSE. At the NSE, it climbed 2.74 per cent to Rs 1,240.35. Treasury gains helped ICICI Bank post a nearly 10 per cent increase in the consolidated net profit during the quarter at Rs 11,696 crore on Saturday. Growth in core income slowed for the country’s second-largest private sector lender, but the treasury operations helped it report a 14.62 per cent rise in post-tax profit at Rs 11,059 crore on a standalone basis.