ICICI Bank, the largest private sector lender of the country beat analysts' expectations on profit front however asset quality was disappointing for the quarter ended 30th september 2016. profit increased 2.4 per cent year on year to rs 3,102.3 crores that is supported by other income but impacted by sharp spike in provisions for bad loans. net interest income, the difference between interest earned and interest expended, increased to rs 5,253.3 crores in the quarter ended september 2016 from rs 5,251.5 crores in same period last fiscal.
Asset quality worsened further in second quarter as gross non-performing assets as a percentage of gross advances climbed 95 basis points to 6.82 per cent and net npa rose 22 basis points to 3.57 per cent on a sequential basis. in absolute terms, gross npas jumped 18.3 per cent quarter on quarter to rs 32,179 crores and net npas increased 7.8 per cent to rs 16,215 crores in the quarter ended september 2016.
By the end of yesterday’s trading session ICICI Bank share price closed at rs 278.25, 3.13 per cent or 8.45 points. a huge volume of 1,70,37,286 shares of the company has been traded yesterday aggregating to a total money value of rs 47,229.06 lacs.
Quick view into the fundamental
- sector- banks-private
- face value (rs.)- 2
- average daily movement [adm]- 6.90
- average volume [20 days]– 2,02,50,603
- 1 month return (%)-5.32
- consolidated fy 15-16 pe ratio - 15.42
- consolidated trailing pe ratio - 0
- standalone fy 15-16 pe ratio - 16.14
- standalone trailing pe ratio - 17.47
- book value - 145.55
- market cap - rs 157002.47 (cr)
- % of promoter holding pledged – 0
ICIC Bank is one of the top 500 shares recommended by the research and analysis team of dynamic levels.
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