Q2 results 2023: ICICI Securities share price surges over 7% to touch 52-week high on robust

Shocking: The ICICI Securities share price has now surged over 7% and is not going to touch 52 52-week high on robust Quarter 2 results. Now the ICICI Securities report has shown an increase of 41% in the net profit for Quarter 2 FY23. The stock of ICICI Securities stock price has been opened at Rs. 659 apiece on the BSE. It has also touched the interday high of Rs. 678.75 and low of Rs. 653.75. Now to know all the details of ICICI  Q2 results, read this entire article without missing anything. Read every line of this article if you want to learn everything regarding the Q2 results.

ICICI Securities

According to the source, the ICICI Securities share price has surged at 7.5% which is now all set to hit 52 week high on 17th October 2023, Tuesday trading session which follows the brokerage company’s strong Quarter 2 results. The stock price of ICICI Securities has opened at Rs. 659 apiece on the Bombay Stock Exchange (BSE) and it has touched an intraday high of Rs. 678.75 and a low of Rs. 653.75. As per the technical analyst, the ICICI Securities stock price is now been consolidated in the past few months. But as per the trend it has the stocks have remained very strong.

The support of ICICI Securities stock price has been placed at 600 and the investors can also hold the positions with a stop loss which is below the support. As per the reports, the ICICI Securities net profit was Rs. 424 crores on 16th October 2023, Monday for the quarter that ended in September 2023. There has been an increase of 41% at the same time in the last year. The ICICI Group company has issued a regulatory statement in which it has been shown that the company’s profit after tax for the second quarter of FY23 is going to stand at Rs. 300.4 crore. Continue reading.

Also Read:  Blackberry Plans IPO For Its Internet Of Things Business

A total of Rs. 1,249 crore has been generated in Q2FY24. As per the reports, it is 44% higher than the September 2022 quarter as it was Rs. 865.63 crore. The Managing Director and CEO of ICICI Securities, Vijay Chandok has said that they are going to be able to demonstrate the benefits in this quarter from the pivoting to a customer-centric coverage model. They are going to continue to grow as their main focus is on quality clients, growing their distribution business with loans and mutual funds, and also gaining market share in the revenue which generates the parameters which are across the segments.

Prakash Israni
Prakash Israni

Prakash, the content creator for Techballad, has built a solid reputation for himself over the course of more than ten years of blogging