Five out of 10 cos add over Rs 1.13 trillion last week
In the last week, the 5 out of 10 companies added Rs 1,13,117.17 crore to their total market valuation.
In the last week, the 5 out of 10 companies added Rs 1,13,117.17 crore to their total market valuation.
ICICI Bank on Saturday reported a 14.5 per cent growth in net profit at Rs 11,746 crore (year-on-year) in Q2 FY25, from Rs 10,261 crore in the year-ago quarter.
Last week, four of the top 10 most-valued firms together added Rs 81,151.31 crore in market valuation. ICICI Bank and HDFC Bank emerged as the biggest gainers.
The combined market valuation of 6 of the top-10 most valued firms jumped Rs 1,97,734.77 crore last week.
Share of Reliance Infrastructure Ltd went up 20 per cent on Wednesday after the company announced that its external debt was down to Rs 475 crore, against the earlier Rs 3,831 crore.
On consolidated basis, the bank's net profit was up over four-times at Rs 4,882 crore in Q2 FY21 against Rs 1,131 crore in Q2 FY20.
The bank already serves an undisclosed number of start-ups as part of the earlier offering and other offerings.
As of June 30, 2020, ICICI Bank held 79.22 per cent equity holding (25,52,16,095 shares) in ICICI Securities, as per data on BSE.
As a result of these disruptions, "we estimate that GDP in fiscal 2020 (ending March 2021) will contract by four per cent".
CAIT has strongly criticized ICICI Bank for allowing Peoples Bank of China to invest in the bank despite strong sentiments prevailing in the country against Beijing and its anti-India policies.
