7. ICICI Bank ( IBN) is a banking company engaged in providing a range of banking and financial services, including commercial banking and treasury operations. The stock has gained 12.4% during the last month.

Developments: On Sept. 17, the bank reported that it paid advance tax of 6 billion rupees (around $131.3 million) during the second-quarter ending September 2010 compared to 5 billion rupees (around $109.4 million) a year ago. Investors believe management is looking at higher profits, in the absence of deferred taxes.

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