ICICI Bank shares soar nearly 9% intra-day; market cap rises by Rs 9,519 cr

New Delhi: ICICI Financial institution shares soared practically 9 p.c in intra-day commerce on Thursday after the corporate denied media reviews alleging protecting up of unhealthy loans.

The inventory jumped 8.57 p.c to Rs 345.50 in intra-day on BSE. It lastly ended at Rs 332.95, up 4.64 p.c on BSE.

ICICI Financial institution was the highest gainer among the many BSE 30-share blue chip basket.

On NSE, shares of the corporate gained 4.17 p.c to shut at Rs 332. Through the day, the corporate’s scrip surged 8.51 p.c to Rs 345.85.

ICICI Financial institution. Reuters picture.

Led by the good bounce within the inventory worth, the corporate’s market valuation zoomed Rs 9,519.24 crore to Rs 2,14,176.24 crore on BSE.

When it comes to fairness quantity, 33.78 lakh shares of the corporate had been traded on BSE and over seven crore shares modified palms on NSE in the course of the day.

In a clarification to BSE on Wednesday, the corporate stated, the media report ‘ICICI Financial institution masked unhealthy loans via a change in accounting coverage’ is a mischievous and motivated try and malign the picture of ICICI Financial institution within the eyes of its buyers.

The financial institution’s accounts are audited by reputed statutory auditors whose audit report and audit opinion kind a part of the financial institution’s annual report, the submitting stated.

The financial institution has made full disclosure in its annual report, investor shows and analysts calls, it added.

In the meantime, shopping for was additionally seen in different financial institution shares, with Axis Financial institution surging 3.86 p.c and SBI rising 2.53 p.c on BSE.

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