ICICI Bank Market Cap:, ICICI Bank achieved a significant milestone by reaching a market capitalization of $100 billion. This made it the sixth Indian company to enter the elite club of companies with a market cap exceeding $100 billion.
The surge in ICICI Bank’s market capitalization was driven by a consistent rise in its share price. Which gained almost 3% on the day it crossed the $100 billion mark, reaching a 52-week high. Over the past year, ICICI Bank’s share price had increased by nearly 30%, outperforming both the NSE Nifty 50 and the Bank Nifty indices.
ICICI Bank Market Cap hit $100 Billion
This achievement reflects ICICI Bank’s strong financial performance and positive investor sentiment. The bank has shown robust loan growth, with a focus on quality underwriting, and its asset quality has remained resilient. It is expected to maintain its growth momentum, driven by a favorable economic environment and its focus on digital transformation.
ICICI Bank share price saw a positive performance on June 25, 2024. It opened at ₹1170.25 and closed around ₹ 1,204.00, showing an increase of about 2.90% from the previous closing price. The stock reached an intraday high of ₹1206.00 and a low of ₹1167.65.