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ICICI Bank market-cap hit Rs 6 lakh cr, stock rises record high
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IANS | 11 Aug, 2022
The market capitalisation of the ICICI Bank touched Rs 6 lakh crore mark
in the afternoon trade due to which shares of the bank hit record high
of Rs 865.55.
The stock has surpassed its previous high
of Rs 859.70, which had hit on October 25, 2021. At 2.48 p.m., shares of
the bank were trading at Rs 860.25, up 11.50 or 1.35 per cent from its
previous close. In the last one month, the stock of private lender has
gained more than 12 per cent.
Before ICICI Bank hitting Rs 6 lakh
crore market-cap mark, Reliance Industries, Tata Consultancy Services,
HDFC Bank, Infosys and Hindustan Unilever have also hit this mark.
In
the first quarter of the current financial year, the private lender had
reported a 49.5 per cent on-year rise in its net profit to Rs 6,905
crore on the back of healthy loan growth.
The bank's net interest
income rose 20.1 per cent on-year to Rs 13,210 crore. Net interest
margin (NIM) was 4.01 per cent during the quarter under review, higher
than 3.89 per cent the same time a year ago but largely flat from 4 per
cent a quarter ago.
Overall margin increased by 14 basis points on-year and 11 basis points on-quarter.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
₹84.00
|
₹82.25 |
UK Pound
|
₹104.65
|
₹108.10 |
Euro
|
₹92.50
|
₹89.35 |
| Japanese
Yen |
₹56.10 |
₹54.40 |
| As on 25 Jul, 2025 |
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