InvestorQ : Why has ICICI Bank hit new highs in the market?
Rutuja Nigam made post

Why has ICICI Bank hit new highs in the market?

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2 months ago
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Last week, the ICICI Bank stock touched a record high of Rs865.55 and in the process its market capitalization also crossed the coveted Rs6 trillion mark for the first time ever. It was on solid results for the quarter. For Q1FY23, ICICI Bank net profits grew by 49.5% at Rs6,905 crore with overall healthy growth in net interest margins or the NIMs and lower gross NPAs. Traders see further scope for margin expansion at the bank.

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