ICICI Bank market value above Rs 5 lakh crore
The market value of ICICI Bank has crossed Rs 5 lakh crore. The market capitalization of the bank has grown by over 35 per cent so far this year.
Shares of ICICI Bank touched an all-time high of Rs 734.80 on the NSE in intra-day trade on Wednesday. It closed at Rs 719.90.
On BSE, the private sector lender’s stock touched a high of Rs 734.85 in intra-day trade on Wednesday. It closed at Rs 719.20.
At closing price, the lender was valued at Rs 4.98 trillion.
ICICI Bank is the sixth most valuable company in the country. Other companies to achieve this feat are Reliance Industries, Tata Consultancy Services, HDFC Bank, HDFC Ltd, Hindustan Unilever and Infosys.
In the banking sector, HDFC Bank is the only lender that has a higher value than ICICI Bank. Its market value is Rs 8.74 lakh crore.
ICICI Bank Limited was incorporated in the year 1994.
According to Emkay Global’s target, the share price of ICICI Bank will reach Rs 825. Analyst has given its time period as one year.
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