ICICI Bank m-cap tops Rs 5 trillion as stock hits lifetime high intra-day

At the closing price, the lender was valued at Rs 4.98 trillion; HDFC Bank is the only lender valued higher, at Rs 8.74 trillion

The market value of private sector lender ICICI Bank on Wednesday crossed the Rs 5-trillion mark. The stock touched a lifetime high of Rs 734.9 in intra-day trade before giving up some gains to finish at Rs 718.3.

At the closing price, the lender was valued at Rs 4.98 trillion. ICICI Bank is India’s sixth most valuable company. HDFC Bank is the only lender valued higher, at Rs 8.74 trillion.

Shares of ICICI Bank are up 36 per cent this year. In comparison, the Sensex has gained 20 per cent.