ICICI Bank Market Cap: ICICI Bank shares have been rallying over the past few months, increasing by more than 20% this calendar year, providing attractive returns to investors.
ICICI Bank Market Value: On Tuesday, June 25, 2024, ICICI Bank made history by joining the $100 billion club. The bank’s market value surpassed $100 billion (₹8.42 lakh crore) on June 25, making it the sixth company in India to achieve this milestone.
ICICI Bank Shares Reach New High: The shares of this private sector bank, which have been on an upward trend for a while, continued their momentum on Tuesday.
During trading, they reached a new 52-week high of ₹1,207. With this jump, ICICI Bank’s market value reached ₹8.47 lakh crore or $100 billion.
Companies Valued Over $100 Billion: In India, only five companies had previously entered the $100 billion club: Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, and Bharti Airtel. The market values of these companies are as follows:
Reliance Industries: $235.98 billion
TCS: $166.54 billion
HDFC Bank: $163.70 billion
Bharti Airtel: $101.35 billion
ICICI Bank: $100.55 billion
Infosys, which joined this club in 2021, has since seen its market cap fall below $80 billion. Currently, only five companies remain in the $100 billion club.
Companies with Market Cap Over $50 Billion: Besides these, seven other Indian companies have a market cap exceeding $50 billion:
State Bank of India (SBI): $90.14 billion
Life Insurance Corporation of India (LIC): $76.43 billion
Infosys: $76.11 billion
Hindustan Unilever: $68.53 billion
ITC: $63.37 billion
Larsen & Toubro (L&T): $59.15 billion
Bajaj Finance: $52.43 billion
On Tuesday, ICICI Bank shares closed at ₹1,204, up 2.90% from Monday’s close of ₹1,170, marking a 3% increase. Over the past 12 months, ICICI Bank stock has delivered a return of approximately 30%. So far in 2024, it has risen by more than 20%. In the past week alone, the bank’s shares have increased by nearly 7%.
Disclaimer:
This news is for informational purposes only. Investments in mutual funds, stock markets, cryptocurrencies, shares, forex, and commodities are subject to risks. It is essential to review all details and, if necessary, seek advice from certified financial advisors before investing or withdrawing.
FAQs with answers:
Q: What recent milestone did ICICI Bank achieve?
A: ICICI Bank’s market value surpassed $100 billion.
Q: When did ICICI Bank reach the $100 billion market cap?
A: On June 25, 2024.
Q: How much has ICICI Bank’s stock increased in 2024?
A: Over 20% so far in 2024.
Q: What is the new 52-week high for ICICI Bank shares?
A: ₹1,207.
Q: How many Indian companies have a market cap over $100 billion?
A: Six companies, including ICICI Bank.
Q: Which company has the highest market cap in India?
A: Reliance Industries with $235.98 billion.
Q: What was ICICI Bank’s closing share price on June 25, 2024?
A: ₹1,204.
Q: Which company previously joined the $100 billion club but fell below?
A: Infosys.
Q: How much did ICICI Bank’s shares increase in the past week?
A: Nearly 7%.
Q: What disclaimer is provided regarding the investment information?
A: Investments are subject to market risks and ‘abp దేశం’ does not provide specific investment advice.