The BSE Sensex is up 25 per cent and the BSE BANKEX 22 per cent, according to data from ACE Equity.
ICICI Bank's shares on Wednesday hit a record high for a third day straight, rising 2 per cent on the BSE in intraday trade. On Tuesday, its market capitalisation (mcap) hit $100 billion and surpassed that of UBS. Analysts said ICICI Bank's rise was mostly a rerating of the stock on account of the lender's financials, which they said were 'best-in-class' among peers and could improve. Management quality and expected Union Budget measures for the middle class could help the stock over the coming weeks.
This story is from the June 27, 2024 edition of Business Standard.
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This story is from the June 27, 2024 edition of Business Standard.
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