ICICI Bank rises as ADR gains

ICICI Bank rose 1.27% to Rs 1,206.80 at 09:19 IST on BSE as the private sector bank's American depository receipt, or ADR, gained 2.55% to settle at $47.89 on the New York Stock Exchange on Wednesday, 15 May 2013.

Meanwhile, the S&P BSE Sensex was up 18.89 points or 0.09% at 20,249.91.

On BSE, 16,645 shares were traded in the counter as against average daily volume of 3.15 lakh shares in the past one quarter.

The stock hit a high of Rs 1,209.90 and a low of Rs 1,183.10 so far during the day. The stock had hit a 52-week high of Rs 1,231 on 31 January 2013. The stock had hit a 52-week low of Rs 767 on 18 May 2012.

 

The stock had outperformed the market over the past one month till 15 May 2013, gaining 13.75% compared with the Sensex's 10.11% rise. The scrip had also outperformed the market in past one quarter, rising 6.07% as against Sensex's 3.83% gain.

The large-cap private sector bank has equity capital of Rs 1153.73 crore. Face value per share is Rs 10.

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

The 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 increased to 10,481 ATMs at 31 March 2013 as compared to 9,006 at 31 March 2012.

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