We recently published 10 Stocks With Massive Losses; AI Stocks Not Spared. ICICI Bank Ltd. is one of the worst performers on Monday.
ICICI Bank dropped its share prices by 5.89 percent on Monday to close at $31 apiece as investors sold off positions after pricing in better-than-expected earnings performance in the second quarter of fiscal year 2026.
In an updated report last week, ICICI Bank Ltd. said net income after tax increased by 5 percent to 123.59 billion rupees from 11.7 billion rupees in the same period last year, bringing its six-month profit to 251.27 billion rupees.
Meanwhile, analysts compared by LSEG had expected a net profit of 122.36 billion rupees.
Net interest income grew by 7.4 percent to 215.29 billion rupees from 200.5 billion rupees in the same comparable period.
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ICICI Bank Ltd. said the strong performance was buoyed by lower provisions against bad loans, which offset a fall in treasury income.
During the period, treasury income fell by 67.6 percent to 2.2 billion rupees from 6.8 billion rupees year-on-year.
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This article is originally published at Insider Monkey.
