ICICI Bank may reduce Firstsource stake to 10%; stocks down

ICICI Bank may reduce its stake in Firstsource to 10% post new norms announced by RBI, reports CNBC-TV18.

Currently ICICI Bank is holding 18% stake.

Firstsource Solutions touched a 52-week low of Rs 7.25. At 09:25 hrs the share was quoting at Rs 7.25, down Rs 0.23, or 3.07%.
 
It was trading with volumes of 60,570 shares. In the previous trading session, the share closed down 3.23% or Rs 0.25 at Rs 7.48.

The company's trailing 12-month (TTM) EPS was at Rs 1.54 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 4.72. The latest book value of the company is Rs 21.42 per share. At current value, the price-to-book value of the company was 0.34.

However, the share of ICICI Bank slipped 1.08% or Rs 7.60 at Rs 697.70.