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Stock market news: ICICI Bank shares gain 2%

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NEW DELHI: Shares regarding ICICI Bank Ltd. dealt 1.75 per cent in Tuesday’s trade at 11:52AM (IST). Around 235554 shares changed hands on the countertop. The stock opened on Rs 363.65 and even touched an intraday low and high of Rs 371.a few and Rs 363.65, respectively, in the session thus far.

The stock quoted the 52-week high of Rs 552.2 and a 52-week very low of Rs 268.a few.

The bank said soothing exemption from paring pole in its life and non-life subsidiaries to 30 % for a period of three years.

Financials

ICICI Bank Limited., incorporated in the year 1994, is actually a banking company (having the market cap of Rs 254992.28 Crore).

ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 57551.11 Crore in order to Sales Value (76.94 per cent of Total Sales), Income From Investment which usually contributed Rs 14673.21 Crore to Sales Benefit (19.61 per cent regarding Total Sales), Interest which usually contributed Rs 1891.85 Crore to Sales Benefit (2.52 per cent regarding Total Sales) and Attention On Balances with RBI and Other Inter-Bank Funds which usually contributed Rs 682.15 Crore to Sales Benefit (0.91 per cent regarding Total Sales)for the year concluding 31-Mar-2020.

Valuation ratio

It quoted a price-to-earnings ratio of 25.12 and price to e-book value of 1.75.

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