ICICI BANK Surges by 5%; BSE BANKEX Index Up 3.9%
October 9, 2019 03:06 PM

ICICI BANK share price has zoomed 5% and is presently trading at Rs 437.

Meanwhile, the BSE BANKEX Index is at 32,641 (up 3.9%).

Among the top Gainers in the BSE BANKEX Index today are ICICI BANK (up 5.1%) and INDUSIND BANK (up 5.7%).

YES BANK (down 3.9%) is among the top loser today.

Over the last one year, ICICI BANK has moved up from Rs 311 to Rs 437, registering a gain of Rs 127 (up 40.8%).

On the other hand, the BSE BANKEX has moved up from 27,544 to 32,641, registering a gain of 5,097 points (up 18.4%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 46.9%), ICICI BANK (up 40.8%) and CITY UNION BANK (up 31.5%).

What About the Benchmark Indices?

The BSE Sensex is at 38,189 (up 1.7%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 5.7%), ICICI BANK (up 5.1%) and BHARTI AIRTEL (up 4.8%). Other gainers include SBI (up 4.7%) and KOTAK MAHINDRA BANK (up 4.3%). The most traded stocks in the BSE Sensex are SBI and TATA MOTORS.

In the meantime, NSE Nifty is at 11,322 (up 1.7%). ICICI BANK (up 5.3%) and INDUSIND BANK (up 5.1%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 34,474 to 38,189, registering a gain of 3,715 points (up 10.8%).

ICICI BANK Financial Update...

ICICI BANK net profit stood at Rs 19 billion for the quarter ended June 2019, compared to a profit of Rs 16 billion a year ago. Operating income rose 10.4% to Rs 179.8 billion during the period as against Rs 162.8 billion in April-June 2018.

For the year ended March 2019, ICICI BANK reported 37.5% decrease in net profit to Rs 56.9 billion compared to net profit of Rs 91.0 billion during FY18.

Revenue of the company grew 15.8% to Rs 720 billion during FY19.

The current Price to earnings ratio of ICICI BANK, based on rolling 12 month earnings, stands at 52.2x.