| Hot Pursuit | Thursday, June 07, 2012 09:42 Hrs IST |
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ICICI Bank advances as ADR gains ICICI Bank gained 1.88% to Rs 822.30 at 09:37 IST on BSE after the private sector bank's American depository receipt or ADR advanced 5.88% to settle at $30.07 on the New York Stock Exchange on Wednesday, 6 June 2012.
Meanwhile, the BSE Sensex was up 138.64 points or 0.84% to 16,592.94 On BSE, 1.15 lakh shares were traded in the counter as against average daily volume of 4.89 lakh shares in the past one quarter. The stock hit a high of Rs 825 and a low of Rs 817.10 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 large-cap stock underperformed the market over the past one month till 6 June 2012, falling 3.22% compared with the Sensex's 2.24% decline. The stock also underperformed the market in past one quarter, sliding 5.40% as against Sensex's fall of 4.19%. India's largest private sector bank by branch network has an equity capital of Rs 1152.87 crore. Face value per share is Rs 10. 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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