ICICI Bank gains after board OKs stock split

ICICI Bank rose 0.86% to Rs 1,561 at 9:16 IST on BSE after the bank said that its board approved a 5-for-1 stock split.

The announcement was made after market hours on Tuesday, 9 September 2014.

Meanwhile, the BSE Sensex was down 115.58 points, or 0.42%, to 27,149.74.

On BSE, so far 23,000 shares were traded in the counter, compared with an average volume of 1.94 lakh shares in the past one quarter.

The stock hit a high of Rs 1,568 and a low of Rs 1,554 so far during the day. The stock hit a record high of Rs 1,617.85 on 2 September 2014. The stock hit a 52-week low of Rs 878.55 on 30 September 2013.

The large-cap company has an equity capital of Rs 1157.03 crore. Face value per share is Rs 10.

ICICI Bank's net profit rose 16.76% to Rs 2655.30 crore on 13.26% increase in total income to Rs 14616.71 crore in Q1 June 2014 over Q1 June 2013.

ICICI Bank is a leading private sector bank in India.

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