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Todays Market
Indian Stock Market Updates March 26, 2020

Markets will remain closed on 14^th April, 2021 on account of Dr. Baba Saheb Ambedkar Jayanti.

ICICI BANK Surges by 11%; BSE BANKEX Index Up 8.8%
Thu, 26 Mar 12:10 PM

ICICI BANK share price has zoomed 11% and is presently trading at Rs 365.

Meanwhile, the BSE BANKEX Index is at 23,494 (up 8.8%).

Among the top Gainers in the BSE BANKEX Index today are ICICI BANK (up 10.9%) and INDUSIND BANK (up 40.9%).

Over the last one year, ICICI BANK has moved down from Rs 384 to Rs 365, registering a loss of Rs 19 (down 8.3%).

On the other hand, the BSE BANKEX has moved down from 32,724 to 23,494, loss of 9,230 points (down 29.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were KOTAK MAHINDRA BANK (up 2.7%).

Revealed: 3 Stocks for Potentially Massive Gains

What About the Benchmark Indices?

The BSE Sensex is at 30,100 (up 4.7%).

The top gainers among the BSE Sensex stocks today are INDUSIND BANK (up 40.9%), AXIS BANK (up 16.5%) and ICICI BANK (up 10.9%). Other gainers include HDFC (up 9.5%) and BAJAJ AUTO (up 7.4%). The most traded stocks in the BSE Sensex are L&T and SBI.

In the meantime, NSE Nifty is at 8,749 (up 4.3%). The top gainers in the NSE Nifty include INDUSIND BANK (up 40.9%), AXIS BANK (up 16.6%) and ICICI BANK (up 11.1%). Other gainers include HDFC (up 9.2%) and UPL (up 8.2%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 37,809 to 30,100, registering a loss of 7,709 points (down 21.00%).

ICICI BANK Financial Update...

ICICI BANK net profit stood at Rs 41 billion for the quarter ended December 2019, compared to a profit of Rs 16 billion a year ago. Operating income rose 17.1% to Rs 190.6 billion during the period as against Rs 162.8 billion in October-December 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 29.5x.