Shares of ICICI Bank Monday brushed aside the September quarter earnings outcome and surged over 9 %.
After a positive opening, shares of the company further soared 9.18 % to Rs 344 on BSE.
At NSE, shares of the company zoomed 9 % to Rs 344.35.
The stock was the top gainer among the blue chips on both the key indices during the morning trade.
ICICI Bank Friday reported a 42 % drop in its consolidated net profit to Rs 1,204.62 crore in the September 2018 quarter, on account of rise in bad loans.
The country's largest private sector lender had posted a consolidated net profit of Rs 2,071.38 crore in the corresponding quarter a year ago, the bank said in a regulatory filing.
However, total income of the bank on a consolidated basis rose to Rs 31,914.82 crore as against Rs 30,190.54 crore a year ago.
On a standalone basis, its net profit fell by 56 % to Rs 908.88 crore in the said quarter as against Rs 2,058.19 crore in July-September 2017.
Asset quality was dented further as gross NPAs, as a percentage of gross advances, hit 8.54 % in the reported quarter as against 7.87 % as on September 30, 2017. In absolute terms, gross NPAs rose Rs 54,448.96 crore against Rs 44,488.54 crore.