ICICI Bank shares fall 3% after Q3 results. Should you buy, sell or hold?
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Shares of ICICI Bank slipped as much as 3% to an intraday low of Rs 1,372 on Monday after India’s second-largest private lender reported a surprise decline in December-quarter profit, posting a 4.02% year-on-year fall in consolidated net profit for Q3 FY26, even as net interest income, margins and asset quality remained largely firm. The mixed results, announced on Saturday, January 17, are expected to shape trading sentiment as the stock returns to the market today. ICICI Bank reported a consolidated net profit of Rs 11,317.86 crore for the December quarter, compared with Rs 11,792.42 crore a year earlier, according to a regulatory filing. Profit also fell 8.42% sequentially from Rs 12,358.89 crore in the September quarter. Net interest income rose 7.7% year-on-year to Rs 21,932 crore, aided by steady loan growth. Net interest margin came in at 4.3%, slightly higher than 4.25% in the year-ago period and unchanged sequentially. Asset qual...