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ICICI Bank m-cap nears Rs 3 trillion-mark; stock hits record high

In the past one-week, the stock of ICICI Bank has outpaced the market by surging 18 per cent after the government announced reduction in the corporation tax rates.

In May, Sebi had launched an adjudication proceeding against the bank and its managing director and chief executive officer Chanda Kochhar for potential conflict of interest
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SI Reporter Mumbai
ICICI Bank’s market capitalisation (m-cap) inched towards Rs 3 trillion-mark as the stock of the private sector lender hit a new high of Rs 458, up 6 per cent on the BSE in the intra-day deals on Thursday. 

The stock surpassed its previous high of Rs 450 touched on September 23 in the intra-day deal. With Rs 2.95 trillion m-cap, ICICI Bank is just 2 per cent or Rs 5,000 crore away to hit the landmark.

In the past one-week, the stock of ICICI Bank has outpaced the market by surging 18 per cent after the government announced