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ICICI Bank reverses initial gains as ADR drops

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Capital Market Mumbai

Meanwhile, the BSE Sensex was down 36.42 points, or 0.24% to Rs 15,342.92.

On BSE, 75,000 shares were traded in the counter as against average daily volume of 6.46 lakh shares in the past one quarter.

The stock reversed direction after a firm start. The stock rose 1.34% at the day's high of Rs 666. The stock fell 0.76% at the day's low of Rs 652.10. The stock had hit a 52-week low of Rs 641 on Monday, 19 December 2011. The stock had hit a 52-week high of Rs 1158 on 3 January 2011.

The stock had underperformed the market over the past one month till 19 December 2011, falling 14.67% compared with Sensex's 6.06% decline. The scrip had also underperformed the market over the past one quarter, declining 23.56% as against Sensex's 8.16% fall.

 

The bank has an equity capital of Rs 1152.53 crore. Face value per share is Rs 10.

ICICI Bank's net profit rose 21.6% to Rs 1503.19 crore on 25.5% growth in total income to Rs 9897.17 crore in Q2 September 2011 over Q2 September 2010.

ICICI Bank is the largest private sector bank in the country by branch network. The bank had a network of 2,535 branches and 6,913 ATMs in India as on 30 September 2011.

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First Published: Dec 22 2012 | 11:32 PM IST

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