ICICI Bank share price rises 3% to 52-week high: Market Cap crosses $100 Billion mark

  • Stock Market Today: ICICI Bank share price rose more almost 3% on Tuesday scaling 52-week high, leading ICICI Bank market cap crossing $100 Billion mark. It has thereby entered the list of Top-5 company currently having more than $100 Billion market cap.

Ujjval Jauhari
First Published25 Jun 2024, 02:30 PM IST
ICICI Bank share price rises 2%: Market Cap crosses $100 Billion
ICICI Bank share price rises 2%: Market Cap crosses $100 Billion

Stock Market Today: ICICI Bank share price gained almost 3% on Tuesday as the stock scales 52-week high. With this the market cap of ICICI bank crossed $100 Billion Mark.

ICICI Bank thereby joined the list of top 5 companies having market cap of more than $100 Billion. 

Reliance Industries Ltd and Tata Consultancy Services Ltd are the the leaders commanding a market cap of more than $225 Billion and $150 Billion respectively. In rupee terms Reliance Industries and Tata Consultancy Services market cap stands  at 19.5 Trillion and 13.9 Trillion.

Also Read- Stock market today: Why did Indian stock market reach its fresh all-time highs today? Explained

 ICICI Bank's Market cap that crossed $100 Billion mark, stood at slightly over 8.47 trillion in rupee terms

Amongst Banks ICICI now is second to HDFC Bank  to enjoy $100 Billion market cap. HDFC Bank's market cap now stands at over $150 Billon at around 13.00 trillion. 

ICICI Bank share price was also third largest gainers in the Nifty-50 companies. The ICICI Bank share price opened on Tuesday at 1,170.25 , marginally higher than previous close of 1,170.10 and there after gained further more to scale 52-week highs 1206 on the NSE. The ICICI Bank Share price ended the day at 1204, very close to the highs

Bharti Airtel and Infosys are the other two companies that have seen their market cap cross $100 Billion. Bharti Airtel  still enjoys more than $100 Billion ( 8.46 trillion )market cap just behind ICICI Bank that now stands at number four spot. Infosys however has seen its market cap dip significantly to around $76 Billion ( 6.40 trillion). 

Also Read- Voltas, Blue Star, Havells share prices rise up to 78% in 6 months: Should you Buy, Sell or Hold the stocks?

ICICI Bank share price has been rising regularly and is up 6.5% in one month and has risen more than 20% year to date.

ICICI Bank is witnessing healthy deposit inflow, while a benign Credit-Deposit ratio (lowest among large private banks) places it well to focus on profitable growth, said analysts at Motilal Oswal Financial Services. The asset quality outlook remains robust as the bank maintains strong Provisioning Coverage Ratio and a high contingency buffer (1.1% of loans), they added

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions

 

 

 

 

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News in Numbers

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$5 M

394,000

$112 B

12.1%

₹133.50 Cr

₹12,300 Cr

$136 M

First Published:25 Jun 2024, 02:30 PM IST
HomeMarketsStock MarketsICICI Bank share price rises 3% to 52-week high: Market Cap crosses $100 Billion mark

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