Multibagger Stock: Despite the global economy battling the heat of the Covid-19 pandemic, the Indian stock market has produced a good number of multibagger stocks over the past two years. In fact in FY22, around 190 shares gave multibagger returns to their shareholders, while out of these 190 multibagger shares, around 90 shares doubled shareholders money in Q4FY22. However, there are some stocks that are not on this list but have a track record that can attract any positional investor. ICICI Bank shares are one such stock. Since 2009, the share of ICICI Bank has been doubling every four years without any fuss.
ICICI Bank Share Price History
In early April 2009, icici bank share price was around 65 each level, which went around the scale 150 per share level in August 2013. Similarly in April 2017, the share price of ICICI Bank increased by approx. 305 per share level in June 2017. In September 2021, the share price of ICICI Bank was around . appreciated 720 each level. Therefore, the banking stock has been doubling its shareholders’ money every four years since 2009.
ICICI Bank has a current market cap of ₹4.95 lakh crore and is the sixth most valuable Indian listed company, just ahead of Adani Green Energy. Reliance Industries Limited, TCS, HDFC Bank, Infosys and HUL are the top 5 companies that have more market capitalization than ICICI Bank. The current trading volume of ICICI Bank shares is around 27 lakhs and the average trading volume of the last 20 days is 1.67 crores. Its book value per share is over Rs 222. The share price of ICICI Bank is currently trading at a PE multiple of 19, which is lower than the sector PE multiple of 21.51. ICICI Bank stock hits 52-week high 867, which is also its life time high. its 52-week low 591 level on NSE.