ICICI Bank affected by sheer dip in US-listed shares
Wednesday, February 18, 2009 10:10 am1.99 lakh shares traded in the counter on BSE. The stock saw a standard daily volume of 27.63 lakh shares in the last one quarter.
The stock had dropped 8.98% as opposed to the BSE’s 3.10% drop. It had declined 0.30% as opposed to the BSE’s dip of 2.76%.
India’s top private sector bank by net gain has an equity wealth of Rs.1113.26 crore.
The present price of Rs.381.20 slashes its Quarter 3 December last year annualized EPS of Rs.45.71 by a PE manifold of 8.33.
The grave decline in ICICI Bank ADR yesterday came as bank stocks pushed a serious dip in US stocks due to concerns about the international banking system. ICICI Bank’s net gain increased 3.4% on a 0.1% hike in sales to Rs.10350.62 crore in Quarter 3 December last year over Quarter 3 December a year ago. The increase in Quarter 3 December last year net gain was because returns from fees and bond trade counteract slowing credit increase and a hike in dire loans.
