ICICI Bank is now the sixth corporation in the nation to have its market capitalization surpass $1,000,000 crore

ICICI Bank: With today's increase, ICICI Bank's market value has surpassed Rs 8.42 lakh crore, or $100 billion. As of now in 2024, the stock has gained by almost 20 percent. Concurrently, the stock has risen by almost 7% during the last week.

Tuesday's trading saw an increase in the shares of the massive private sector bank, ICICI Bank. The stock hit a new high for the year during trade. Along with this increase, the bank's market value has surpassed $100 billion. Currently, five other corporations have entered the $ 100 billion club, in addition to ICICI Bank. The shares of ICICI Bank had a boost of more than 2 percent during Tuesday's session.

How did the stock perform? In Tuesday's trade, ICICI Bank's shares hit the day's high of 1207.

Compared to the prior closing level of 1170, this is a 3% increase. The stock's greatest level of the day coincides with its highest level over the course of a year.

The stock gained 2.9% and finished at 1204 at the conclusion of trade. With this increase, ICICI Bank's market value has surpassed Rs 8.47 lakh crore, or $100 billion.

As of now in 2024, the stock has increased by more than 20%. In the last week, the stock has increased by almost 7% at the same time. The stock has returned almost 30% over the last year.

Who else is a member of the club? In terms of market value, the six biggest corporations and banks have exceeded the $100 billion milestone.

In the meanwhile, Infosys, which became a member of this group in 2021, has seen a decline in market value to less than $80 billion. In other words, five of the six corporations that have exceeded this threshold are still above it.

With a market valuation of $235 billion, Reliance Industries is at the top of the list. TCS is next, with a valuation of $166 billion. Both Bharti Airtel and HDFC Bank have market valuations over $150 billion.