ICICI Bank shares on Friday ended nearly 4 per cent lower, wiping out Rs 7,068 crore from its market valuation, after the company's first quarter earnings failed to enthuse investors. The stock slipped 3.60 per cent to end at Rs 296 on BSE. During the day, it lost 4.28 per cent to Rs 293.90. On NSE, shares of the company went down by 3.59 per cent to end at Rs 296.15. led by the decline in the stock, the company's market valuation slumped byRs 7,068 crore to Rs 1,89,837 crore.
In terms of volume, 16.80 lakh shares of the company were traded on BSE and over 3 crore shares changed hands on NSE during the day. The country's largest private sector lender yesterday reported a marginal rise of 3.5 per cent in consolidated net profit at Rs 2,604.73 crore for the first quarter of the current fiscal.