ICICI Bank becomes second lender to cross ₹5 trillion in mcap
By Lokmat English Desk | Published: September 1, 2021 08:25 PM2021-09-01T20:25:13+5:302021-09-01T20:25:13+5:30
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The Industrial Credit and Investment Corporation of India (ICIC) Bank Ltd has crossed ₹5 trillion in market capitalisation on Wednesday as its shares have rushed over 38% this year.
ICICI is the second bank to be listed on the BSE whose market cap has crossed this mark. Earlier, HDFC Bank's market cap had crossed this milestone. HDFC Bank's market cap has crossed Rs 8 lakh crore.
At the same time, ICICI Bank is the seventh Indian firm to cross the Rs 5 lakh crore market cap on the Bombay Stock Exchange.
Earlier, Reliance Industries, Tata Consultancy Services, HDFC Bank, HDFC Limited, Hindustan Unilever Limited and Infosys Ltd. Including.
Shares of ICICI Bank have risen more than 38 per cent this year. One share of the bank has gone beyond Rs 734. The stock had closed at Rs 535 in January. This means Rs 200 per share of the bank in the last eight months.
Shares of the bank hit a 52-week high on Wednesday. ICICI Bank is booming and reliable management has given good returns to investors, experts say.
