ICICI Bank Market Cap Tops Rs 9 Trillion, Stock Hits New High!

Stock Movement

ICICI Bank stock surged 28% in 2024, outperforming BSE Sensex’s 15% rise.

Market Cap Milestone

ICICI Bank becomes the 5th Indian company to cross Rs 9 trillion in market cap.

UBS Target Price

Stock hit a new high of Rs 1,288.05; UBS maintains a target price of Rs 1,450.

Focus on Profitability

ICICI Bank aims for profitable growth, focusing on risk management and sectoral opportunities.

 Profit & Asset Quality

ICICI Bank’s RoA expected to stay above 2% for FY25-27E due to strong provisions.

Digital Expansion

Bank plans to invest in digital banking and branch expansion to fuel future growth.