ICICI Bank shares slide 1.32% amid $1 billion bond issuance and employee stock allotment
The stock opened at ₹1,435, touched an intraday high of ₹1,439.80, and slid to a low of ₹1,423.10, with sell orders outpacing buy orders, 57.56 per cent sellers against 42.44 per cent buyers.
ICICI Bank shares experienced a 1.32% decline on Friday, trading at ₹1,424 on the National Stock Exchange. The stock, which opened at ₹1,435 and peaked at ₹1,439.80, saw a majority of sell orders, totaling 57.56% compared to 42.44% buy orders. Trading volume recorded 44.23 lakh shares, with a traded value of ₹633.19 crore. Notably, 64.20% of the trades were positional, indicating significant long-term positions.
ICICI Bank disclosed the issuance of $1 billion in Senior Unsecured Fixed Rate Notes through its IFSC Banking Unit, part of its $7.5 billion Global Medium Term Note Programme. The notes received ratings of BBB by S&P Global Ratings and Baa3 by Moody's. Additionally, the bank allocated 48,983 equity shares under the ICICI Bank Employees Stock Unit Scheme-2022.
Despite the recent dip, ICICI Bank's stock has seen a 6.41% increase year-to-date, surpassing the Nifty 50's decline of 7.88% over the same period. The stock's 52-week range is between ₹1,187.60 and ₹1,480, with an annualized volatility of 22.93%.
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