| Hot Pursuit | Thursday, May 31, 2012 13:50 Hrs IST |
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ICICI Bank tumbles ex-dividend ICICI Bank fell 3.75% at Rs 786.40 at 13:47 IST on BSE after the stock turned ex-dividend for dividend of Rs 16.50 per share for the year ended March 2012.
Meanwhile, the BSE Sensex was down 128.52 points, or 0.79%, to 16,183.63. On BSE, 2.86 lakh shares were traded in the counter as against an average daily volume of 4.97 lakh shares in the past one quarter. The stock hit a high of Rs 802 and a low of Rs 782.10 so far during the day. The stock had hit a 52-week high of Rs 1111 on 4 July 2011. The stock had hit a 52-week low of Rs 641 on 19 December 2011. The stock had underperformed the market over the past one month until 30 May 2012, falling 7.31% compared with the Sensex's 5.81% fall. The scrip had also underperformed the market in past one quarter, sliding 9.87% as against 8.11% fall in the Sensex. The large-cap private sector bank has an equity capital of Rs 1152.84 crore. Face value per share is Rs 10. Before turning ex-dividend, the stock offered a dividend yield of 2.01% based on the closing price of Rs 817 on 30 May 2012. ICICI Bank's net profit rose 31% to Rs 1901.76 crore on 29.6% growth in Rs 11403.10 crore in Q4 March 2012 over Q4 March 2011. Net profit rose 25.5% to Rs 6465.26 crore on 25.8% growth in total income to Rs 41045.41 crore in the year ended 31 March 2012 over the year ended 31 March 2011. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management. As on 31 March 2012, the bank had 2,752 branches, the largest branch network among private sector banks in the country. The bank has also increased its ATM network to 9,006 ATMs at 31 March 2012 as compared to 6,104 at 31 March 2011.
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