Mumbai: ICICI Bank has become the sixth Indian company to surpass $100 billion market capitalisation, as its stock surged to an all-time high.
During a trading session this week, ICICI Bank saw an increase of Rs 24,411.6 crore in its market value, elevating its market cap to $105.55 billion or Rs 8.81 lakh crore.
The feat has placed ICICI Bank alongside industry giants such as Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel and others.
According to the latest research note by Motilal Oswal, ICICI Bank is expected to maintain robust loan growth, focusing on quality underwriting.
The bank's asset quality remains resilient, and credit costs are expected to normalise gradually.
