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.

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