Meanwhile, the BSE Sensex was down 410.41 points, or 4.42%, to 8880.60.On BSE, 14.73 lakh shares were traded in the counter. The scrip had an average daily volume of 34.79 lakh shares in the past one quarter.The stock hit a high of Rs 382 and a low of Rs 357.55 so far during the day. The stock had a 52-week high of Rs 1465 on 14 January 2008 and a 52-week low of Rs 282.15 on 27 October 2008.
The stock had outperformed the market over the past one month till 17 November 2008, declining 1.19% as compared to the Sensex's 6.86% decline. It had, however, underperformed the market in the past one quarter, falling 42.51% as compared to the Sensex's fall of 36.90%.
India's largest private sector bank by market capitalisation has an equity capital of Rs 1113.26 crore. Face value per share is Rs 10.
The current price of Rs 358.80 discounts its Q2 September 2008 annualised EPS of Rs 36.44, by a PE multiple of 9.84.
ICICI Bank is reported to have halved its target for growth in lending to 15%, instead of 30% target rate set earlier, as high interest rates have slowed down domestic growth cycle. Reports added that ICICI's loan growth slumped to 16% from a peak of 55% in the year that ended March 2006.
ICICI chief Kamath said in a media interview that lending rates must fall by another 3% to ignite a rebound in loan demand. He further added that domestic bad loans may increase unless borrowing costs fall.
ICICI Bank raised provisions for delinquent loans and losses on investments by 43% to Rs 923.53 crore in Q2 September 2008 over Q2 September 2007.
ICICI Bank's net profit rose 1.2% to Rs 1014.21 crore on a 1.3% rise in operating income to Rs 9712.31 crore in Q2 September 2008 over Q2 September 2008.
ICICI Bank provides retail-banking, corporate banking, cash management and treasury management services.
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