ICICI Bank drops after Q1 outcome

ICICI Bank lost 2.97% to Rs 899 at 12:55 IST on BSE after net profit surged 25.29% to Rs 2274.21 crore on 12.94% growth in total income to Rs 12904.97 crore in Q1 June 2013 over Q1 June 2012.

The Q1 result was announced during trading hours today, 31 July 2013.

Meanwhile, the S&P BSE Sensex was down 159.27 points or 0.82% at 19,189.07.

On BSE, 3.66 lakh shares were traded in the counter as against average daily volume of 3.29 lakh shares in the past one quarter.

The stock hit a high of Rs 924 and a low of Rs 892 so far during the day. The stock had hit a 52-week high of Rs 1,236.90 on 28 May 2013. The stock had hit a 52-week low of Rs 876.50 on 5 September 2012.

The stock had underperformed the market over the past one month till 30 July 2013, sliding 13.39% compared with the Sensex's 0.24% fall. The scrip had also underperformed the market in past one quarter, falling 20.34% as against Sensex's 0.8% slide.

The large-cap private sector bank has equity capital of Rs 1154.15 crore. Face value per share is Rs 10.

On consolidated basis, ICICI Bank's net profit jumped 32.3% to Rs 2747.39 crore on 10.28% growth in total income to Rs 18351.85 crore in Q1 June 2013 over Q1 June 2012.

ICICI Bank is a leading private sector bank in India.

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