ICICI BANK at All Time High; BSE BANKEX Index Up 1.4%
December 4, 2019 03:32 PM

ICICI BANK share price has hit an all-time high at Rs 531 (up 3.8%).

Meanwhile, the BSE BANKEX Index is at 36,463 (up 1.4%).

Among the top gainers in the BSE BANKEX Index today are ICICI BANK (up 3.8%) and KOTAK MAHINDRA BANK (up 0.3%).

INDUSIND BANK and HDFC BANK (down 0.3%) are among the top losers today.

Over the last one year, ICICI BANK has moved up from Rs 356 to Rs 531, registering a gain of Rs 176 (up 48.6%).

The BSE BANKEX has moved up from 30,054 to 36,463, registering a gain of 6,409 points (up 21.2%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 48.6%), CITY UNION BANK (up 34.8%) and KOTAK MAHINDRA BANK (up 34.3%).

What About the Benchmark Indices?

The BSE Sensex is at 40,887 (up 0.4%). The top gainers among the BSE Sensex stocks today are TATA MOTORS (up 7.0%), YES BANK (up 6.1%) and TATA MOTORS DVR (up 5.2%). Other gainers include ICICI BANK (up 3.8%) and VEDANTA LTD (up 3.3%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 12,055 (up 0.4%). The top gainers in the NSE Nifty include TATA MOTORS (up 7.1%), YES BANK (up 5.9%) and ICICI BANK (up 3.8%). Other gainers include VEDANTA LTD (up 2.9%) and HINDALCO (up 2.6%).

Over the last 12 months, the BSE Sensex has moved up from 36,241 to 40,887, registering a gain of 4,646 points (up 12.7%).

ICICI BANK Financial Update...

ICICI BANK net profit down at Rs 7 billion for the quarter ended September 2019, compared to a loss of Rs 16 billion a year ago. Operating income rose 14.0% to Rs 185.7 billion during the period as against Rs 162.8 billion in July-September 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 66.1x.