ICICI Bank hits record high after fixing record date for stock split

ICICI Bank rose 2.55% to Rs 1,732.10 at 11:45 IST on BSE after the bank said it has fixed 5 December 2014 as record date for 5 for 1 stock split.

The bank made the announcement during market hours today, 21 November 2014.

Meanwhile, the S&P BSE Sensex was up 236.34 points or 0.84% at 28,303.90.

On BSE, so far 1.06 lakh shares were traded in the counter as against average daily volume of 1.53 lakh shares in the past one quarter.

The stock hit a high of Rs 1,734.50, also a record high for the stock. The stock hit a low of Rs 1,678.50 so far during the day. The stock had hit a 52-week low of Rs 944.25 on 4 February 2014.

The stock had outperformed the market over the past one month till 20 November 2014, rising 9.9% compared with the Sensex's 6.2% rise. The scrip had also outperformed the market in past one quarter, gaining 9.5% as against Sensex's 6.66% rise.

The large-cap India's largest private sector bank in terms of total income has an equity capital of Rs 1157.52 crore. Face value per share is Rs 10.

Further, the bank has also informed that each American Depositary Share (ADS) of ICICI Bank will continue to represent two underlying equity shares as at present. The number of ADSs held by an American Depositary Receipt holder would consequently increase in proportion to the increase in number of equity shares.

ICICI Bank's net profit rose 15.2% to Rs 2709.01 crore on 14.7% rise in total income to Rs 14888.95 crore in Q2 September 2014 over Q2 September 2013.

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