Meanwhile, the S&P BSE Sensex was up 292.85 points or 1.09% at 27,070.30
On BSE, so far 12.42 lakh shares were traded in the ICICI Bank counter as against average daily volume of 14.12 lakh shares in the past one quarter. The stock hit a high of Rs 254.30 and a low of Rs 244.20 so far during the day. The stock had hit a 52-week low of Rs 180.80 on 26 February 2016. The stock had hit a 52-week high of Rs 321 on 17 July 2015. The stock had outperformed the market over the past one month till 6 June 2016, rising 11.55% compared with 6.14% rise in the Sensex. The scrip also outperformed the market in past one quarter, advancing 10.36% as against Sensex's 8.65% rise.
The large-cap private sector bank has equity capital of Rs 1163.25 crore. Face value per share is Rs 2.
Meanwhile, ICICI Bank is seeking approval from its shareholders for an enabling resolution to raise up to Rs 25000 crore by way of issue of non-convertible securities within the overall borrowing limits of Rs 2.5 lakh crore. The approval will be valid for a period of one year from the date of passing of the resolution by the shareholders. The Annual General Meeting (AGM) of shareholders is scheduled on 11 July 2016.
ICICI Bank's net profit declined 76% to Rs 701.89 crore on 14.5% growth in total income to Rs 18590.86 crore in Q4 March 2016 over Q4 March 2015.
ICICI Bank is one of the leading private sector banks in India.
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