ICICI Bank charges up on block deal

Dalal Street Spikes

 The stock saw a huge block deal involving 2.5 crore shares (priced at Rs 265 per share) on the BSE in the early morning, dealers said.

 The scrip has been rising of late and, in the last two weeks, the scrip has appreciated by nearly 16 per cent. In the first two weeks of November the stock price went up by more than 19 per cent.

 The biggest private sector bank also recorded a nearly 41 per cent increase in profit for the six month ended September 30, 2003.

 The bank has taken advantage of the boom in retail business and this has contributed significantly to its income while treasury income has also risen.