Financial Daily from THE HINDU group of publications
Tuesday, Oct 07, 2003
Financial Daily from THE HINDU group of publications Tuesday, Oct 07, 2003 |
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Private Banks Markets - Stock Markets Money & Banking - Stocks ICICI Bank ADR hits year-high Our Bureau
Mumbai , Oct. 6 THE ADR of ICICI Bank today flared up at open on the New York Stock Exchange. The ADR, which represents two local shares, hit a year-high of $14.65 before settling back to trade at $12.44 at 10.38 a.m. New York time. It also saw a record volume of nearly 11.5 lakh ADRs. According to a source at the bank, the stock reacted after an equity analyst appearing on Fox Channel put a strong buy on the scrip. The ICICI Bank share had closed today at Rs 212.85, up 1.36 per cent from its previous close, on the National Stock Exchange.
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