Shares of private sector giant ICICI Bank rose 13% today. Its stock reached a high of Rs 859. This is a one year high. Due to this its market cap has gone up to Rs 5.90 lakh crore. On the other hand, there is a huge fall in the shares of IRCTC, DMart. Paras Defense is in the lower circuit.
Best Performance in a While
Shares of ICICI Bank have been performing consistently for some time now. It has become the fifth largest company in terms of market cap. Now two banks have joined the top 5 in terms of market cap. The second bank is HDFC Bank with a market cap of Rs 9.20 lakh crore. The market cap of ICICI Bank rose to Rs 5.90 lakh crore today. Its stock closed at Rs 759 on Friday. Today it reached Rs 859.
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1 Month Ago at Rs 688
Shares of ICICI Bank were at Rs 688 a month ago. A year ago it went down to Rs 388. Since then its stock has risen nearly 150%. Whereas in a month it has increased by 20%. It did well last week in the second quarter. The bank’s profit had increased by 30% to Rs 5,511 crore in the second quarter. Its effect is visible on its stock.
IRCTC Shares Continue to Fall
On the other hand, the shares of IRCTC continue to decline. The stock fell 12% and reached below 4 thousand for the first time. Today the stock reached 3,960. The stock has continued to decline since last week. The stock stood at Rs 6,393 on October 19 and the company had a market cap of Rs 1 lakh crore. Right now its market cap has gone up to Rs 65 thousand crores. That is, the market cap decreased by 35 thousand crores.
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Shares of Avenue Supermart Also Declined.
The shares of Avenue Supermart, which runs DMart, also continued to decline. Its stock fell 3% to Rs 4,350. The market cap has gone up to Rs 2.85 lakh crore. Last week, the stock stood at Rs 5,899 and a market cap of Rs 3.51 lakh crore. There has been a decrease of 65 thousand crores in the market cap.
Paras Defense is Also Now in the Lower Circuit
Paras Defense is also now in the lower circuit. Today its stock has fallen 5% today to Rs 1,150. Last week it was at a one-year high of Rs 1,272. Today Canara Bank and SBI have made good gains. SBI’s share for the first time at Rs 515 while Canara Bank’s share has reached Rs 203 for the first time. The market cap of SBI has gone up to Rs 4.50 lakh crore.
