By Bharath Rajeswaran (Reuters) -Indian shares rose on Monday, after five consecutive sessions of losses, as ICICI Bank's better-than-expected quarterly profit led the heavyweight financials sector higher.

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ICICI Bank is one of the prominent names in the Indian banking paradigm. The Mumbai-based bank was once the largest private bank in the country. The bank appears to be living up to its expectations. The company released its quarterly results for the recent quarter that concluded in September.

Shares of the country's second largest private lender ICICI Bank rose as much as 3.62 per cent to hit an intraday high of Rs 1,300.95 after it surpassed earnings estimates in second quarter of current financial year on Saturday.

ICICI Bank reported its Q2 results on Saturday. What Happened: ICICI Bank's net profit jumped 14.5% year on year to ₹11,745.88 crore in the September quarter. The company's net interest income (NII) gained 9.

ICICI Bank reported strong Q2FY25 results with a core RoA of 3.1%, outperforming peers amid sector pressures. Its focus on quality assets led to a resilient balance sheet. Analysts raised target prices,

Private sector lender ICICI Bank on Saturday posted a 14.5 per cent growth in its standalone profit to Rs 11,746 crore for the second quarter ended September 2024. The private sector lender had earned a net profit of Rs 10,