ICICI Bank drops on profit taking

Meanwhile, the BSE Sensex was down 63.60 points or 0.32% at 19,923.22.

On BSE, 1.29 lakh shares were traded in the counter as against average daily volume of 2.78 lakh shares in the past one quarter.

The stock hit a high of Rs 1,200.05 and a low of Rs 1,185.55 so far during the day. The stock had hit a 52-week high of Rs 1,209.70 on Tuesday, 15 January 2013. The stock had hit a 52-week low of Rs 762.20 on 18 January 2012.

The stock had outperformed the market over the past one month till 15 January 2013, surging 5.86% compared with the Sensex's 3.47% rise. The scrip had also outperformed the market in past one quarter, jumping 14.22% as against Sensex's 6.8% surge.

The large-cap bank has equity capital of Rs 1153.28 crore. Face value per share is Rs 10.

Shares of ICICI Bank had risen 3.22% in two trading sessions to settle at Rs 1,202.85 on Tuesday, 15 January 2013, from a recent low of Rs 1,165.30 on 11 January 2013. The stock witnessed a sharp surge over the past few months. The stock jumped 53.87% to settle at Rs 1,202.85 on 15 January 2013 from a low of Rs 781.70 on 1 June 2012.

ICICI Bank's net profit rose 30.1% to Rs 1956.11 crore on 21.9% growth in total income to Rs 12069.30 crore in Q2 September 2012 over Q2 September 2011. The bank unveils Q3 December 2012 results on 31 January 2013.

ICICI Bank is India's largest private sector bank. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 19 countries, including India.

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