ICICI BANK at All Time High; BSE BANKEX Index Up 2.7%

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ICICI BANK share price has hit an all-time high at Rs 434 (up 5.2%).

Meanwhile, the BSE BANKEX Index is at 35,273 (up 2.7%).

Among the top gainers in the BSE BANKEX Index today are ICICI BANK (up 5.2%) and HDFC BANK (up 1.4%).

Over the last one year, ICICI BANK has moved up from Rs 292 to Rs 434, registering a gain of Rs 142 (up 48.1%).

The BSE BANKEX has moved up from 28,835 to 35,273, registering a gain of 6,438 points (up 22.1%) during the last 12 months.

The top gainers among the BSE BANKEX Index stocks during this same period were AXIS BANK (up 52.2%), ICICI BANK (up 48.1%) and SBI (up 34.9%).

What About the Benchmark Indices?

The BSE Sensex is at 39,477 (up 1.6%). The top gainers among the BSE Sensex stocks today are ICICI BANK (up 5.2%), VEDANTA LTD (up 4.5%) and L&T (up 4.5%). Other gainers include BHARTI AIRTEL (up 4.5%) and M&M (up 4.0%). The most traded stocks in the BSE Sensex are YES BANK and SBI.

In the meantime, NSE Nifty is at 11,859 (up 1.6%). The top gainers in the NSE Nifty include ICICI BANK (up 5.3%), VEDANTA LTD (up 4.5%) and BHARTI AIRTEL (up 4.3%). Other gainers include ZEE ENTERTAINMENT (up 4.2%) and M&M (up 4.1%).

Over the last 12 months, the BSE Sensex has moved up from 34,345 to 39,477, registering a gain of 5,132 points (up 14.8%).

ICICI BANK Financial Update…

ICICI BANK net profit down at Rs 10 billion for the quarter ended March 2019, compared to a loss of Rs 16 billion a year ago. Operating income rose 6.2% to Rs 172.9 billion during the period as against Rs 162.8 billion in January-March 2018.

For the year ended March 2018, ICICI BANK reported 19.8% decrease in net profit to Rs 91.0 billion compared to net profit of Rs 113.4 billion during FY17.

Revenue of the company grew 2.0% to Rs 622 billion during FY18.

The current Price to earnings ratio of ICICI BANK, based on rolling 12 month earnings, stands at 74.8x. p >

This article (ICICI BANK at All Time High; BSE BANKEX Index Up 2.7%) is authored by Equitymaster.

Equitymaster is a leading ‘independent’ equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.

Source: equitymaster.com

Post Author: kwiknewz

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