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ICICI Bank drops after poor Q4 numbers

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Capital Market
Last Updated : Apr 29 2016 | 1:01 PM IST

ICICI Bank lost 0.48% to Rs 239 at 12:40 IST on BSE after net profit declined 75.97% to Rs 701.89 crore on 14.51% growth in total income to Rs 18590.86 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during market hours today, 29 April 2016.

Meanwhile, the S&P BSE Sensex was down 16.10 points or 0.06% at 25,619.20.

Heavy volumes were witnessed on the counter. On BSE, so far 35.27 lakh shares were traded in the counter as against average daily volume of 18.82 lakh shares in the past one quarter. The stock was volatile. The stock lost as much as 2.26% at the day's low of Rs 234.70 so far during the day. The stock rose as much as 1.6% at the day's high of Rs 244 so far during the day. The stock had hit a 52-week low of Rs 180.80 on 26 February 2016. The stock had hit a 52-week high of Rs 337.35 on 6 May 2015. The stock had outperformed the market over the past one month till 28 April 2016, gaining 6.61% compared with Sensex's 2.55% rise. The scrip had, however, underperformed the market in past one quarter, advancing 3.09% as against Sensex's 4.63% rise.

The large-cap private sector bank has equity capital of Rs 1163.03 crore. Face value per share is Rs 2.

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

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First Published: Apr 29 2016 | 12:38 PM IST

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