ICICI Bank shares were trading at ₹1,473.50 on the National Stock Exchange on Thursday afternoon, representing a 3.47% increase or ₹49.40 from the previous close of ₹1,424.10. According to reports from The Hindu BusinessLine, the stock has now surpassed its 52-week high of ₹1,480, reaching a new peak of ₹1,480.2 with a 3.93% daily gain. The stock's intraday trading range was between ₹1,445.90 to ₹1,476.30, with traded volume reaching 142.19 lakh shares and a traded value of ₹2,081.12 crore by 12:09 pm. The broader market provided strong support, with the BSE 500 stocks touching 52-week highs and Bank Nifty trading above its key short- and long-term moving averages, reflecting robust sectoral momentum across the banking sector.
Adding to the day's disclosures, ICICI Bank filed two separate allotment notices with BSE and NSE this week. On November 3, the bank allotted 62,879 equity shares of face value ₹2 each under the ICICI Bank Employees Stock Option Scheme-2000. On November 5 — the current trading session — the bank allotted a further 36,937 equity shares of the same face value under the ICICI Bank Employees Stock Unit Scheme-2022. Both allotments were approved by two Executive Directors, acting under authority delegated by the Board at its October 21, 2023 meeting. The combined allotment of 99,816 shares represents a marginal addition to the bank's outstanding equity.
ICICI Bank's total market capitalisation stood at approximately ₹10.58 lakh crore following the latest allotments. As reported by The Hindu BusinessLine, the stock has delivered a 10.26% return over the past year. The bank's market capitalisation of ₹10.58 lakh crore reflects its position as one of India's largest private sector banks. The strong sectoral momentum in the banking sector has supported the stock's performance, with Bank Nifty trading above its key technical levels. Recent technical analysis shows the stock has achieved a positive price breakout, trading above its third resistance level (R3) at ₹1,477.1. The broader market rally, with BSE 500 stocks touching 52-week highs, has provided additional momentum to banking sector stocks.
