India's ICICI Securities slumps after Q4 profit falls

ICICI Securities

20/04/2023 05:28

** Shares of ICICI Securities  ICCI.NS  fall 6.3% to 432
rupees after co reports a 22.7% fall in Q4 profit
    ** Co's profit falls to 2.62 bln rupees ($31.9 mln); also
reports 21.7% increase in expenses  urn:newsml:reuters.com:*:nFWN36M1QC
    ** More than 467,000 shares traded as of 9:54 a.m. IST, 2.3
times their 30-day avg
    ** 7 brokerages rate stock equivalent of 'buy' or higher, 1
'hold' and 3 'sell' or lower; median PT is 535 rupees, down from
560 rupees on March 20 - Refinitiv data
    ** Stock last down 3.9% at 443 rupees, extending YTD losses
to 10.9%
    
($1 = 82.1750 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))