CapitalMarket.com - ICICI Bank drops on profit booking
Hot Pursuit Thursday, June 14, 2012 11:42 Hrs IST

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ICICI Bank drops on profit booking

ICICI Bank fell 0.84% to Rs 842 at 11:41 IST on BSE, with the stock sliding on profit booking after a recent rally.

Meanwhile, the BSE Sensex was up 19.92 points or 0.12% to 16,900.13.

On BSE, 1.39 lakh shares were traded in the counter as against average daily volume of 4.84 lakh shares in the past one quarter.

The stock hit a high of Rs 848.85 and a low of Rs 838.20 so far during the day. The stock had hit a 52-week low of Rs 641 on 19 December 2011. The stock had hit a 52-week high of Rs 1,111 on 4 July 2011.

The large-cap stock outperformed the market over the past one month till 13 June 2012, rising 4.45% compared with Sensex's 3.61% rise. The scrip had, however, underperformed the market in past one quarter, declining 8.66% as against Sensex's 5.24% fall.

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.

The ICICI Bank stock had jumped 8.62% to settle at Rs 849.10 on Wednesday, 13 June 2012, from a recent low of Rs 781.70 on 1 June 2012.

ICICI Bank's consolidated net profit rose 15.5% to Rs 1810.27 crore on 6.2% growth in total income to Rs 19300.53 crore in Q4 March 2012 over Q4 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 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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