ICICI Bank surpasses HUL to occupy 5th spot in m-cap

Sumit Arora Last updated on October 26th, 2021 05:35 pm Leave a comment

Private sector lender ICICI Bank has crossed the market capitalisation of Hindustan Unilever to become the fifth-largest company by market value. According to BSE data, ICICI Bank’s market capitalisation (m-cap) stood at ₹5.83 lakh crore, just above HUL’s ₹5.76 lakh crore. This follows the bank posting its highest ever quarterly net profit in the July to September 2021 quarter.

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The bank’s scrip touched a 52-week high of ₹859.70 on the BSE before ending at ₹841.05, registering a gain of 10.8 per cent over the previous day’s close. ICICI Bank becomes the second lender after HDFC Bank to break into the top five companies on the BSE in terms of m-cap.

Important takeaways for all competitive exams:

ICICI Bank MD & CEO: Sandeep Bakhshi;
ICICI Bank Headquarters: Mumbai, Maharashtra;
ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.