ICICI Bank shares jump 4% to Rs 452; market-cap inches close to Rs 3 lakh cr-mark

The market valuation of ICICI Bank is fast inching closer to Rs 3 lakh crore mark helped by a 4 percent jump in its stock price on Thursday

|Sep 26, 2019, 18:09:28 IST

New Delhi: The market valuation of ICICI Bank is fast inching closer to Rs 3 lakh crore mark helped by a 4 percent jump in its stock price on Thursday. ICICI Bank stock rose 4.05 percent to close at Rs 452.05 on the BSE. During the day, it advanced 5.52 percent to Rs 458.45 -- its 52-week high. At the NSE, it gained 4 percent to close at Rs 451.70. [caption id="attachment_3863881" align="alignleft" width="380"]

Representational image. Reuters.[/caption]With this, the market capitalisation (m-cap) of the company rose to Rs 2,92,005.53 crore on the BSE. ICICI Bank is just Rs 7,994.47 crore away from the Rs 3 lakh crore m-cap mark. ICICI Bank is currently placed at ninth rank in the top-10 domestic m-cap chart of most valued firms. If the company enters the Rs 3 lakh crore m-cap club, it will join the likes of HDFC, Infosys, Kotak Mahindra Bank and ITC. These companies have their market valuation in the range of Rs 3 lakh crore. Reliance Industries is the most valued firm with a market valuation of Rs 8,21,930.72 crore followed by Tata Consultancy Services Rs 7,83,366.59 crore, HDFC Bank Rs 6,79,660.35 crore and HUL Rs 4,40,279.48 crore. The stock of ICICI Bank has gained over 25 percent so far this year.

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ICICI Bank shares jump 4% to Rs 452; market-cap inches close to Rs 3 lakh cr-mark

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Air India to cut Delhi-Toronto flight time by 3 hours, resume non-stop services from August 1

South Korea economy grows faster than expected in Q2 as chip exports power recovery

India remains among fastest-growing major economies despite global uncertainty, says RBI Bulletin

Iran war could cut global growth by more than half: World Bank’s chief economist Indermit Gill

Brent crude climbs to $94 as analysts expect oil prices to stay in $90–100 range