Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ICICI Bank Gains 5%; BSE BANKEX Index Up 1.7%
Fri, 20 Sep 16:35

ICICI Bank Gains 5%; BSE BANKEX Index Up 1.7%Image source: Eoneren/www.istockphoto.com

ICICI Bank share price has zoomed 5% and is presently trading at Rs 1,359.0.

Meanwhile, the BSE BANKEX index is at 61,120.2 (up 1.7%).

Among the top gainers in the BSE BANKEX index today are Kotak Bank (up 2.6%) and HDFC Bank (up 1.7%).

AU SMALL FINANCE BANK (down 2.7%) and IDFC FIRST BANK (down 1.5%) are among the top losers today.

Over the last one year, ICICI Bank has moved up from Rs 990.5 to Rs 1,359.0, registering a gain of Rs 368.6 (up 37.2%).

On the other hand, the BSE BANKEX index has moved up from 51,611.4 to 61,120.2, registering a gain of 18.4% during the last 12 months.

The top gainers among the BSE BANKEX index stocks during this same period were ICICI Bank (up 37.2%), SBI (up 29.7%) and Federal Bank (up 26.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 84,643.4 (up 1.8%).

The top gainers among the BSE Sensex today are M&M (up 5.4%) and JSW Steel (up 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and ICICI Bank.

In the meantime, NSE Nifty is at 25,822.6 (up 1.6%). M&M and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 84,643.4, registering a gain of 17,046.6 points (up 25.2%).

ICICI Bank Financial Update...

ICICI Bank net profit grew 15.3% YoY to Rs 124,059 million for the quarter ended June 2024, compared to a profit of Rs 107,634 million a year ago. Net sales rose 20.1% to Rs 445,817 million during the period as against Rs 371,059 million in April-June 2023.

For the year ended March 2024, ICICI Bank reported 30.0% increase in net profit to Rs 442,564 million compared to net profit of Rs 340,366 million during FY23. Revenue of the company grew 31.8% to Rs 1,595,159 million during FY24.

The current Price to earnings ratio of ICICI Bank, based on rolling 12 month earnings, stands at 20.5.


Equitymaster requests your view! Post a comment on "ICICI Bank Gains 5%; BSE BANKEX Index Up 1.7%". Click here!