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.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.