Large Outflow of Money Witnessed in ICICI Bank Limited

ICICI Bank Limited (IBN) : Net money flow in ICICI Bank Limited (IBN) was negative ($8.54 million) and the inflow of money on uptick was $17.38 million, whereas, the outflow of money on downticks amounted to $25.93 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.67. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $3.26 million. On the other hand, the total value of block trades done on downticks was $15.28 million. The ratio of uptick to downtick block trades was 0.21. The money flow in block trades was negative ($12.02). ICICI Bank Limited (IBN) gained $0.37 cent during the day and reached $7.95, a gain of 4.88% over the previous day.


Institutional Investors own 21.89% of ICICI Bank Limited shares.

Shares of ICICI Bank Ltd. rose by 9.66% in the last five trading days and 9.98% for the last 4 weeks. ICICI Bank Ltd. is up 14.48% in the last 3-month period. Year-to-Date the stock performance stands at 3.66%.

ICICI Bank Limited (NYSE:IBN): stock turned positive on Tuesday. Though the stock opened at $7.76, the bulls momentum made the stock top out at $7.98 level for the day. The stock recorded a low of $7.76 and closed the trading day at $7.95, in the green by 4.88%. The total traded volume for the day was 16,925,205. The stock had closed at $7.58 in the previous days trading.

ICICI Bank Limited is a banking company. The Bank is a financial services group providing a range of banking and financial services including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services. Its operating segments include Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance and Others. Retail banking includes exposures of the Bank, which satisfy the criteria of orientation, product, granularity and low value of individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document International Convergence of Capital Measurement and Capital Standards: A Revised Framework. Wholesale banking includes all advances of the Bank to trusts, partnership firms, companies and statutory bodies. Treasury includes the entire investment and derivative portfolio of the Bank.

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