Where on the one hand the markets around the world are battling the economic slowdown. At the same time, in the last two years, the Indian stock market has created a good number of multi-bagger stocks. 190 stocks have given excellent returns in FY 2022. Out of which 90 stocks have made investors rich in the last quarter (Q4FY22). However, there are many such stocks which are not included in this list, but despite this, investors have given strong returns. ICICI Bank is one of those few stocks. ICICI Bank has doubled the money of the investors every four years.
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What has been the history of ICICI Bank stock
The price of ICICI Bank one share in April 2009 was Rs 65. Which increased to the level of Rs 150 in August 2013. In the next four years, there was a strong jump in the shares of this company once again. In June 2017, the share price of ICICI Bank rose to Rs 305. The share price of ICICI Bank doubled once again in September 2021. The share price of the company increased to Rs 720. Let us tell you, every four years, the company’s stock has doubled the investors’ money.
The market cap of the company is Rs 4.95 lakh crore. It is the 6th most valuable Indian company in the stock market. Reliance Industries Limited, TCS, HDFC Bank, Infosys and HUL are the five largest companies by market cap. The all-time high of ICICI Bank’s stock was Rs 867 in the last 52 weeks. Same, all time low is Rs 591.