ICICI Bank gains on the bourses
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ICICI Bank is currently trading at Rs. 1106.80, up by 18.70 points or 1.72% from its previous closing of Rs. 1088.10 on the BSE.
The scrip opened at Rs. 1080.35 and has touched a high and low of Rs. 1113.35 and Rs. 1080.35 respectively. So far 883871 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1113.35 on 06-Mar-2024 and a 52 week low of Rs. 810.50 on 16-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1113.35 and Rs. 1038.80 respectively. The current market cap of the company is Rs. 773780.15 crore.
The Institutions and Non-Institutions held 89.91% and 10.09% stake in the company respectively.
ICICI Bank had bought an additional 25.14 lakh shares of ICICI Lombard General Insurance for Rs 431 crore. With the latest purchase of shares, ICICI Lombard has become a subsidiary of the bank.
The move follows a May 2023 resolution by the bank's board to increase the bank's holding ICICI Lombard by another 4 per cent in multiple tranches. It had also secured nods from the banking and insurance watchdogs to go ahead with the plan to increase the holdings.
ICICI Bank is a leading private sector bank in India.
