ICICI Bank vaults after large bulk deal

ICICI Bank rose 1.91% to Rs 352.70 at 14:40 IST on BSE after a large bulk deal of 1.64 crore shares was executed on the scrip at Rs 350.10 per share at 14:02 IST on BSE.

Meanwhile, the S&P BSE Sensex was up 179.52 points or 0.51% at 35,439.81

Bulk deal boosted volume on the counter. On the BSE, 1.72 crore shares were traded on the counter so far as against the average daily volumes of 12.50 lakh shares in the past one quarter. The stock had hit a high of Rs 353.60 and a low of Rs 340.95 so far during the day. The stock had hit a 52-week high of Rs 354.80 on 18 January 2018 and a 52-week low of Rs 232.27 on 23 January 2017.

The stock had underperformed the market over the past 30 days till 18 January 2018, rising 12.06% compared with 4.39% rise in the Sensex. The scrip had also outperformed the market in past one quarter, gaining 31.57% as against Sensex's 8.86% rise. The scrip had also outperformed the market in past one year, surging 41.87% as against Sensex's 29.12% rise.

The large-cap bank has equity capital of Rs 1284.53 crore. Face value per share is Rs 2.

ICICI Bank's net profit fell 33.7% to Rs 2058.19 crore on 17.6% decline in total income to Rs 18763.29 crore in Q2 September 2017 over Q2 September 2016.

ICICI Bank is one of the leading private sector banks in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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