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ICICI Bank Gains 2%; BSE BANKEX Index Up 1.5%
Tue, 25 Jun 12:52

ICICI Bank Gains 2%; BSE BANKEX Index Up 1.5%Image source: Chunumunu/www.istockphoto.com

ICICI Bank share price has zoomed 2% and is presently trading at Rs 1,189.6.

Meanwhile, the BSE BANKEX index is at 59,564.9 (up 1.5%).

Among the top gainers in the BSE BANKEX index today are Axis Bank (up 2.5%) and HDFC Bank (up 2.1%).

AU SMALL FINANCE BANK (down 0.7%) and IDFC FIRST BANK (down 0.4%) are among the top losers today.

Over the last one year, ICICI Bank has moved up from Rs 924.7 to Rs 1,189.6, registering a gain of Rs 264.9 (up 28.6%).

On the other hand, the BSE BANKEX index has moved up from 49,545.7 to 59,564.9, registering a gain of 20.2% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were SBI (up 48.6%), Federal Bank (up 42.0%) and Bank of Baroda (up 42.0%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 77,788.4 (up 0.6%).

The top gainers among the BSE Sensex today are Axis Bank (up 2.5%) and HDFC Bank (up 2.1%). The most traded stocks in the BSE Sensex are ICICI Bank and HDFC Bank.

In the meantime, NSE Nifty is at 23,665.1 (up 0.5%). Axis Bank and HDFC Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 63,523.2 to 77,788.4, registering a gain of 14,265.2 points (up 22.5%).

ICICI Bank Financial Update...

ICICI Bank net profit grew 19.9% YoY to Rs 119,727 million for the quarter ended March 2024, compared to a profit of Rs 99,852 million a year ago. Net sales rose 23.7% to Rs 426,067 million during the period as against Rs 344,389 million in January-March 2023.

For the year ended March 2023, ICICI Bank reported 35.5% increase in net profit to Rs 340,366 million compared to net profit of Rs 251,101 million during FY22. Revenue of the company grew 26.9% to Rs 1,210,668 million during FY23.

The current Price to earnings ratio of ICICI Bank, based on rolling 12 month earnings, stands at 18.6.

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