ICICI Bank shares up 4%, market cap rises by Rs 6,631 cr amid management reshuffle buzz

BSE has sought clarification from ICICI Bank with respect to news about reshuffle of top management.

Press Trust of India June 18, 2018 17:26:54 IST
ICICI Bank shares up 4%, market cap rises by Rs 6,631 cr amid management reshuffle buzz

New Delhi: Shares of ICICI Bank rose by 4 percent on Monday, adding Rs 6,631.15 crore to its market valuation, amid reports of reshuffle of top management.

The stock gained 3.61 percent to settle at Rs 292.50 on BSE. Intra-day, it surged 4.10 percent to Rs 293.90.

ICICI Bank was the top gainer among the 30-share basket.

ICICI Bank shares up 4 market cap rises by Rs 6631 cr amid management reshuffle buzz

A file photograph of an ICICI Bank branch. Reuters.

On NSE, shares of the company soared 4 percent to close at Rs 294.

The company's market valuation also moved up by Rs 6,631.15 crore to Rs 1,88,093.15 crore.

In terms of equity volume, 12.66 lakh shares of the company were traded on BSE and over 2 crore shares changed hands on NSE during the day.

Media reports on Monday said Sandeep Bakshi, who heads the banks life insurance arm, may be appointed the interim chief executive.

BSE has sought clarification from ICICI Bank with respect to news about reshuffle of top management.

Updated Date:

also read

ICICI Bank shares surge nearly 5% despite posting first quarterly loss, market cap soars Rs 8,990 cr
Business

ICICI Bank shares surge nearly 5% despite posting first quarterly loss, market cap soars Rs 8,990 cr

ICICI Bank shares jumped 4.76 percent to settle at Rs 307.25 on the BSE. Intra-day, it gained 5.13 percent to Rs 308.35.

ICICI Bank shares soar over 9% to Rs 344 despite posting 42% drop in consolidated net profit in Q2
Business

ICICI Bank shares soar over 9% to Rs 344 despite posting 42% drop in consolidated net profit in Q2

ICICI Bank on Friday reported a 42 percent drop in its consolidated net profit to Rs 1,204.62 crore in the September 2018 quarter, on account of rise in bad loans.

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

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

ICICI Bank was the top gainer among the BSE 30-share Sensex.