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The majority of the brokerage firms have maintained a buy rating on the private lender, with target prices hinting at an upside potential of 30 per cent from its previous close of Rs 800. On Saturday, ICICI Bank reported a 50 per cent year-on-year (YoY) rise in profit after tax (PAT) at Rs 6,905 crore compared with Rs 4,616 crore in the same quarter last year.

“There has already been a valuation reset in Zomato. I do not see the multiples converging in a very big way from here on unless something drastically negative happens. I think there are several things that we could monitor now. One of them is whether unit economics turns negative from here on. ”

Silver fell sharply by Rs 1,331 to Rs 54,351 per kg from Rs 55,682 per kg in the previous trade.In the international market, both gold and silver were trading flat at USD 1,726.80 per ounce and USD 18.62 per ounce, respectively.

Asset growth was lower-than-expected, and trading losses were higher than expectations, it said. That said, NIM was better than expected, as the bank chose not to grow its balance sheet and funded growth by liquidating investments.

The bank earlier in the day reported a 71.79 per cent YoY rise in net profit at Rs 2,022 crore compared with Rs 1,177 crore in the same quarter last year.Rakesh Jhunjhunwala held a 1.96 per cent stake or 35,597,400 shares of the company as of June 30, the same as the March quarter.

The stock quoted a 52-week high price of Rs 442.95 and low of Rs 274.0.

Promoters held 54.9 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 18.21 per cent and 11.55 per cent, respectively.

In the April-May period, when the RBI ramped up forwards intervention, annualized one-year dollar-rupee forward premium slid. That caused importers to aggressively cover their unhedged exposures and exporters to stay away, putting further depreciation pressure on the rupee

Battered Chinese property stocks rallied Monday after Premier Li Keqiang pledged to support developers and hinted at possible state funding at a cabinet meeting.

A total of 563,985 shares changed hands on the counter till 02:10PM (IST)