ICICI Bank Shares Surge to 52-Week High Following Strong Q4 Results

Shares of ICICI Bank surged over 2% on April 21, 2025, after the company announced its Q4 results for FY 2024-25. The stock opened at Rs 1,437, marking a 2.16% gain from the previous close of Rs 1,406.65, reaching a new 52-week high. Despite dipping to an intraday low of Rs 1,410.10 amid selling pressure, the stock was last seen trading at Rs 1,411.45, up 0.34%. The 52-week low stands at Rs 1,048.35. At the NSE, the stock rallied 2.08%, reaching Rs 1,436, the 52-week high.

This surge in ICICI Bank shares came as the BSE benchmark Sensex rose by 521.04 points, trading at 79,074.24 in morning trade, with the NSE Nifty gaining 200 points to reach 24,051.05.

ICICI Bank's Q4 performance showed a 15.7% jump in net profit, which reached Rs 13,502 crore. The standalone net profit for the March quarter was Rs 12,630 crore, up 18% from Rs 10,708 crore in the same period last year. The bank's net interest income grew by 11% to Rs 21,193 crore, up from Rs 19,093 crore in the previous year.

Despite the positive results, ICICI Bank's executive director, Sandeep Batra, indicated that Net Interest Margin (NIM) might come under pressure due to RBI's rate cuts, as 53% of the bank's loan book is linked to the repo rate.

ICICI Bank also announced a dividend of Rs 11 per share for the financial year 2024-25, although the record date and payment date for the dividend have not been disclosed.