Stock Market by RK Thakur

ICICI Bank on Saturday reported a 49.58 per cent jump in net profit at Rs 6,905 crore for the June quarter of FY23, as against Rs 4,616 crore in the same period of last year. Its total income rose to Rs 28,330 crore in Q1 from Rs 24,379 crore a year ago.

Source:- Indian Express

There is a strong rally in the shares of private sector IndusInd Bank today. Today the bank's stock gained about 5.5 per cent to reach Rs 924. Earlier on Wednesday, the stock closed at Rs 879. The bank has released its quarterly results on Wednesday. The profit of the bank has increased by 61 percent year-on-year to Rs 1631 crore. After the results, brokerage houses are also positive about the stock. If we look at the target of different brokerages, then it can give 62 percent return.