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ICICI Bank slips after Q4 earnings

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Capital Market

ICICI Bank fell 1.11% to Rs 1284.60 at 13:22 IST on BSE after net profit rose 15.10% to Rs 2652.01 crore on 15.05% increase in total income to Rs 14465.34 crore in Q4 March 2014 over Q4 March 2013.

The bank announced the results during trading hours today, 25 April 2014.

Meanwhile, the BSE Sensex was down 150.39 points, or 0.66%, to 22,726.15.

On BSE, so far 2.07 lakh shares were traded in the counter, compared with an average volume of 2.66 lakh shares in the past one quarter.

The stock hit a high of Rs 1,317.85 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 1,276.95 so far during the day. The stock hit a 52-week low of Rs 758.80 on 28 August 2013.

 

The stock had outperformed the market over the past one month till 23 April 2014, rising 8.44% compared with the Sensex's 5.15% rise. The scrip had also outperformed the market in past one quarter, rising 20.38% as against Sensex's 7.03% rise.

The large-cap company has an equity capital of Rs 1155.03 crore. Face value per share is Rs 10.

ICICI Bank's net profit rose 17.84% to Rs 9810.48 crore on 12.77% increase in total income to Rs 54606.02 crore in the year ended March 2014 over the year ended March 2013.

ICICI Bank is a leading private sector bank in India.

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First Published: Apr 25 2014 | 1:24 PM IST

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