ICICI Bank surges 6% on strong Q3 earnings

Shares of ICICI Bank today jumped nearly 6 per cent, after the country's largest

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private-sector lender reported 20 per cent growth in net profit for the third quarter ended December.

Investors flocked to buy ICICI stock at the BSE pushing up its price by 5.87 per cent to Rs 902. Intra-day, the scrip that is among top heavyweights on Sensex zoomed 6.39 per cent.

Hectic buying was also seen at the company's counter on the National Stock Exchange (NSE), where the stock closed at Rs 901.65, up 5.80 per cent from the previous close.

ICICI Bank was the second best performer among the 30- Sensex blue-chips after Hindalco.

It alone contributed more than 69 points to the overall stock market rally as the BSE index, Sensex, closed 330.25 points up.

The company reported 20 per cent growth in net profit for the December quarter at Rs 1,728.10 crore, as against Rs 1,437.02 crore for the same period last fiscal.

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