The Indian stock market made its low on 23 March 2020 after heavy selling on Kovid-19 fears. But, after the bottom out, Indian stocks rebounded strongly and gave good returns to investors who entered the lower levels. ICICI Bank shares are one such stock. After reaching the low level of the Indian stock market in March 2020, this stock of Nifty Bank has almost jumped. 287 to 690 level, registering a growth of about 140 percent over the period.
ICICI Bank Share Price History
icici bank share price It has been in the consolidation phase for almost 6 months because during this time every rapid profit booking has started in the Nifty Bank stock. However, in the first 6 months of last year, the share price of ICICI Bank rose by approx. 620 to 850 levels. After hitting market lows in 2020, banking stocks had ended at around Rs. 287 on 3 April 2020 and onwards it has increased to Over 690 of the principal amount invested by the shareholders in this period of about two years was distributed at each level.
impact on investment
If an investor had invested 1 lakh in ICICI Bank shares, buy in one share 287 at the beginning of FY 2011 and it remained invested in ICICI Bank stock during this period, its would have turned into 1 lakh 2.40 lakhs today.
ICICI Bank is the second most valuable Indian bank after HDFC Bank. It is one of the top 10 most valuable Indian companies in terms of market cap. The current market cap of ICICI Bank is 4,79,878 crores and its Thursday trade volume is 1.66 crores, which is higher than the last 20 days average trade volume of around 1.52 crores.