ICICI Bank is currently trading at Rs. 1063.45, up by 32.60 points or 3.16% from its previous closing of Rs. 1030.85 on the BSE.
The scrip opened at Rs. 1035.15 and has touched a high and low of Rs. 1066.70 and Rs. 1035.00 respectively. So far 298252 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1277.00 on 05-Nov-2010 and a 52 week low of Rs. 829.80 on 05-Jul-2010.
Last one week high and low of the scrip stood at Rs. 1066.70 and Rs. 1004.00 respectively. The current market cap of the company is Rs. 121629.83 crore.
The Institutions holding in the company stood at 62.81% and Non-Institutions held 10.21%.
India’s largest private sector lender ICICI Bank has agreed to lend Rs 5500 crore to Air India via non-convertible debentures (NCDs) route for restructuring debt, according to a media report. The bank will subscribe to non-convertible debentures (NCDs) to be issued by Air India at 9.8% to help lessen the airline’s burgeoning debt.
The bond issue is expected to help the national carrier save around interest cost worth Rs 180 crore.
The state-run airline, which has been servicing the loan taken for buying aircraft at over 12%, will pay the interest every six months to the bank and has agreed to provide government guarantee to the lender.
ICICI Bank’s net profit for the quarter ended March 31, 2011 surged by 44.40% at Rs 1452.11 crore as compared to Rs 1005.57 crore for the quarter ended March 31, 2010. Its total income increased by 13.98% at Rs 8797.12 crore for the quarter under review from Rs 7717.82 crore for the corresponding quarter of the previous year.
Source:- http://money.livemint.com/News/Home/EQUITY/MOVERS-TODAY/141573.aspx
Thanks
Ankit Wani
Intern @ DENIP Consultants Pvt. Ltd.
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