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ICICI Bank Gains 4%; BSE BANKEX Index Up 3.0%
Wed, 19 Jun 14:45

ICICI Bank share price has zoomed 4% and is presently trading at Rs 1,164.5.

Meanwhile, the BSE BANKEX index is at 59,060.2 (up 3.0%).

Among the top gainers in the BSE BANKEX index today are Axis Bank (up 4.3%) and HDFC Bank (up 3.5%).

Bank of Baroda (down 0.1%) is among the top losers today.

Over the last one year, ICICI Bank has moved up from Rs 939.8 to Rs 1,164.5, registering a gain of Rs 224.7 (up 23.9%).

On the other hand, the BSE BANKEX index has moved up from 49,814.2 to 59,060.2, registering a gain of 18.6% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were Bank of Baroda (up 53.1%), SBI (up 49.1%) and Federal Bank (up 42.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 77,793.9 (up 0.6%).

The top gainers among the BSE Sensex today are Axis Bank (up 4.3%) and HDFC Bank (up 3.5%). The most traded stocks in the BSE Sensex are HDFC Bank and Tata Steel.

In the meantime, NSE Nifty is at 23,642.0 (up 0.4%). 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 63,228.5 to 77,793.9, registering a gain of 14,565.4 points (up 23.0%).

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 18.2.

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