ICICI Bank Stock At 52-Week High; Market Cap Surpasses Rs 8 Lakh Crore Mark; Should You Buy?
ICICI Bank, India's second-largest private sector bank, achieved a market capitalization exceeding Rs 8 lakh crore, with its stock rallying to a fresh 52-week high of Rs 1,155.65 on the NSE, up 4.3% on April 29. It emerged as the top index gainer and the biggest gainer in the Nifty pack, contributing to the Nifty Bank hitting a fresh all-time high of 49,359.9. The strong buying action in ICICI Bank's stock was triggered by robust Q4 earnings, with standalone profit surging over 17% year-on-year to Rs 10,707.53 crore.
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