On the last trading day of the week, i.e. On Friday, the stock of ICICI Bank rose once again. During trading, the share price touched a life-time high of Rs. 911.75.
At the same time, the stock hit new highs for the second day in a row. In terms of market capitalization, it has reached Rs. 6 lakh crore.
Importantly, the bank has clarified reports of plans to raise Rs 10,000 crore through infra bonds in one or more phases. Recently, the stock exchange sought an explanation from the bank through a media report. The bank’s stock has taken rocket speed after this clarification.
ICICI Bank’s profit rose by 50 percent to Rs 6,905 crore in the first quarter of the current financial year. The bank had posted a net profit of Rs 4,616 crore in the same quarter last fiscal. Interestingly, the bank’s asset quality has also improved significantly. Also, there has been a reduction in non-performing assets.
(Note-Here only the performance of the share is given. This is not an investment advice. Investment in the share market involves risk. Therefore, it is very important to take expert advice and guidance before investing.)