Recovery in ICICI Bank proves short lived

Meanwhile, the S&P BSE Sensex was down 65.17 points or 0.33% at 19,545.31.

On BSE, 1.27 lakh shares were traded in the counter as against average daily volume of 3.13 lakh shares in the past one quarter.

The stock was volatile. The stock rose as much as 1.91% at the day's high of Rs 1,166.45 so far during the day. The stock lost as much as 0.61% at the day's low of Rs 1,137.45 so far during the day. The stock had hit a 52-week low of Rs 767.95 on 4 June 2012. The stock had hit a 52-week high of Rs 1,236.90 on 28 May 2013.

The stock had outperformed the market over the past one month till 3 June 2013, gaining 1.28% compared with the Sensex's 0.18% rise. The scrip had also outperformed the market in past one quarter, jumping 8.34% as against Sensex's 3.66% gain.

The large-cap private sector bank has equity capital of Rs 1154.02 crore. Face value per share is Rs 10.

Shares of ICICI Bank have declined 7.71% in five trading sessions from a recent high of Rs 1,232.75 on 28 May 2013. The stock had lost 7.15% in the preceding four trading sessions to settle at Rs 1,144.50 on Monday, 3 June 2013, from a recent high of Rs 1,232.75 on 28 May 2013.

ICICI Bank's net profit rose 21.2% to Rs 2304.07 crore on 10.3% growth in total income to Rs 12573.52 crore in Q4 March 2013 over Q4 March 2012.

ICICI Bank had 3,100 branches, the largest branch network among private sector banks in the country as at 31 March 2013. The bank's ATM network stood at 10,481 ATMs as on 31 March 2013.

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