ICICI Bank gains ahead of results, solid Q4 nos expected

Shares in ICICI Bank gain 1.5 percent on market expectations for better-than-expected earnings later on Friday.

* Morgan Stanley is on the optimistic camp: “We expect to see reasonable earnings progression for that period - up 22 percent YoY,” it says, predicting shares should gain relative to index over the next 15 days.

* ICICI Bank is expected to post a 20 percent increase in net profit to Rs 17oo crore in the quarter-ended March, led by higher loan growth, as per a Reuters poll.

Reuters