ICICI BANK at All Time High; BSE BANKEX Index Up 0.6%
December 13, 2019 09:24 AM

ICICI BANK share price has hit an all-time high at Rs 539 (up 0.5%).

Meanwhile, the BSE BANKEX Index is at 36,349 (up 0.6%).

Among the top gainers in the BSE BANKEX Index today are ICICI BANK (up 0.5%) and INDUSIND BANK (up 1.2%).

KOTAK MAHINDRA BANK (down 0.1%) is among the top loser today.

Over the last one year, ICICI BANK has moved up from Rs 350 to Rs 539, registering a gain of Rs 188 (up 53.5%).

The BSE BANKEX has moved up from 29,806 to 36,349, registering a gain of 6,543 points (up 21.9%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were ICICI BANK (up 53.5%), KOTAK MAHINDRA BANK (up 38.6%) and CITY UNION BANK (up 30.9%).

What About the Benchmark Indices?

The BSE Sensex is at 40,866 (up 0.6%). The top gainers among the BSE Sensex stocks today are VEDANTA LTD (up 3.6%), TATA MOTORS (up 3.4%) and YES BANK (up 3.2%). Other gainers include TATA MOTORS DVR (up 3.1%) and TATA STEEL (up 2.6%). The most traded stocks in the BSE Sensex are YES BANK and TATA MOTORS.

In the meantime, NSE Nifty is at 12,049 (up 0.5%). The top gainers in the NSE Nifty include VEDANTA LTD (up 4.0%), HINDALCO (up 3.3%) and YES BANK (up 3.0%). Other gainers include TATA MOTORS (up 3.0%) and TATA STEEL (up 2.7%).

Over the last 12 months, the BSE Sensex has moved up from 35,779 to 40,866, registering a gain of 5,087 points (up 14.2%).

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 67.3x.