Apr 27, 2012, 10.59 AM IST

ICICI Bank gains, solid results expected

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

Source: Reuters
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Shares in ICICI Bank gain 1.5% 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% YoY," it says, predicting shares should gain relative to index over the next 15 days.


* ICICI Bank expected to post a 20% increase in net profit to Rs 1,700 crore in the quarter-ended March, led by higher loan growth, as per a Reuters poll.


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