ICICI Bank Ltd gained 1.4 % on value-buying

Shares in ICICI Bank Ltd gained 1.4 per cent on value-buying after falling nearly 5.3 per cent over the previous four sessions, dealers say.

The bank’s shares have fallen nearly 14 per cent since its six-month high at Rs 1,206.60 on December 9.

ICICI Bank trades at 1.5 times of 12-month forward book value, almost half the valuation of its counterpart HDFC Bank which trades at 3.2 times, Thomson Reuters StarMine data shows.