ICICI Bank shares rose 2.75 percent to an all-time high of Rs.900.5 from its previous BSE close of Rs.876.40. The shares were previously at Rs 883.10, ICICI Bank shares hit a new all-time high in afternoon trading this afternoon as sentiment lifted. ICICI Bank shares rose 2.75% on the BSE to an all-time high of Rs 900.5 from Rs 876.40. Previously, shares rose to Rs 883.10. Meanwhile, the 30-piece BSE Sensex gained 657 points (1.11%) to 59,686, while the NSE Nifty lost 178 points (1.01%) to 59,686. 2 declines in a row.
Commercial banks rose 24.57%, up 21.28 percentage points year-on-year. Shares are up 7.34% this month. The shares hit a 52-week low of 642 rupees on March 7 this year.
The total share capital of the BSE bank account is 5.64 million shares with a turnover of Rs.5,058 crore. The bank’s market capitalization rose to Rs 626 crore today. The banking boom is linked to a good recovery in the credit sector. At 15:03 BSE, banks closed at 46,038 points, up 857 points.
Puneet Putney, equity analyst at Swastika Investment said, “While it is one of the biggest beneficiaries of the next cycle of credit growth, the valuation multiple corrections are almost complete and we have entered the second phase of the downturn in credit growth. In the long term, it depends on the banks.”
Another factor in today’s bubble decision is that lenders have announced a Rs 1 million raise from one or more tranches of lower bond issues. In response to the Sept. 6 enforcement, he said the bank had received necessary approvals for its annual bond and securities issuance report.
- Rs 10,000 crore from ICICI Bank in one or more phases.
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ICICI Bank told reporters that it has invested Rs 10,000 crore in the following bonds: Note) Banks can disburse loans at any time within the approved term, in the sense that banks have also received credit ratings and prescribed procedures as normally provided by the Agency to be issued. Each bond issue is conducted by the bank through an electronic auction platform (EBP) provided by the exchange. , so if you book two days before your bond order and after the draw date, a redemption notification will be sent with details.
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ICICI Bank shares rose 12.56% after the first-quarter results were announced. The awards were announced on July 23. On July 22 this year, the stock closed at Rs 800.
The lender reported a 50 percent increase in profit after tax (PAT) to SEK 6,905 from SEK 4,616 in the previous year. Net Interest Income (NP) was SEK 13,210 in the first quarter, up 21% year-on-year, and Net Income (NIM) was 4.92%. This compares to 1.93.6 trillion won in net interest from creditors in the fourth quarter of last year.
Total revenue for the first quarter increased to Rs 2,3,671.54 crore from Rs 2,833,674 crore in the first quarter of FY22.
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The net profit of private lenders rose almost 50% to Rs 6,904.94 crore in the first quarter of 2023 from Rs 4,616.02 crore in the same quarter last year.
ICICI Bank shares traded well above Rs 886 per share on BSE and NSE on Thursday. The stock is up nearly 14.5% for the month and is trading lightly, up 0.3% in today’s trading.
This acceleration is indicated by strong results in the April-June quarter of the fiscal year 2022-23 (Q1 2023). The net profit of private lenders rose almost 50% to Rs 6,904.94 crore in the first quarter of 2023 from Rs 4,616.02 crore in the same quarter last year.
ICICI Bank shares traded well above Rs 886 per share on BSE and NSE on Thursday. The stock is up nearly 14.5% for the month and is trading lightly, up 0.3% in today’s trading.
This acceleration is indicated by strong results in the April-June quarter of the fiscal year 2022-23 (Q1 2023). The net profit of private lenders rose almost 50% to Rs 6,904.94 crore in the first quarter of 2023 from Rs 4,616.02 crore in the same quarter last year.
Looking ahead to this new growth cycle, the bank is well positioned with excellent margins, strong capital/asset quality performance, and strong capital levels, the department said, adding that performance metrics should reflect progress. and renewed growth. The evaluation depends on ko several years.
Motilal said that ICICI Bank has all the elements to become a leader in the Indian banking industry, with an RoA/RoE of 2.1%/17.1% over 24 financial years and an investment of INR 1,050 per share (19% ) of valuation. To buy. It is still the best option on the market.
Similarly, another banking firm, Nirmal Bang, remains bullish on the bank due to growth expectations and business trends. It maintains its valuation of ICICI Bank with a target of Rs 1,079 per share, up 22%.
Nirmal Bang said in a report that management appears confident in demand but cautious given the inflationary environment and global turmoil.
Sensex scores over 500 Nifty points to recover 17,700 points led by Infosys ICICI Bank.
Shares hit a three-month high on Wall Street on Wednesday as investors cheered a government report showing inflation fell more than expected last month.
The Indian stock index hit a four-month high on Thursday, closing the gap ahead of the expiration of the weekly index and options contracts amid strong global signals. The Sensex rose to 6668 and the Nifty 50 returned to critical mental levels for the first time since April. Infosys, ICICI Bank, Tata Consultancy Services, HDFC Bank, Reliance Industries and HDFC are leaders in Sensex.
At 9:25 a.m., the Sensex rose 564 points to 59,373, while the Nifty 50 rose 158 points (0.9%) to 17,692.
Most Asian markets are trading higher after rising on Wall Street after lower US inflation, indicating a slow rate hike by the US Federal Reserve. Hong Kong’s Hang Seng rose 1.9%, Taiwan’s 1.62%, South Korea’s KOSPI 1.3%, and Singapore’s Straits Times 0.4%.
Shares hit a three-month high on Wall Street on Wednesday as investors cheered a government report that said inflation fell more than expected last month.