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The RSI is a technical indicator that measures the speed and change of price movements. It oscillates between 0 to 100 and is typically used to identify overbought or oversold conditions in a stock. An RSI value above 70 indicates that the stock is overbought and may be due for a correction, while an RSI below 30 suggests that the stock is oversold and might experience a rebound.

A total of 2,529 shares changed hands on the counter till 01:07PM (IST).

Several companies within the S&P BSE 100 Index achieved new 52-week highs on July 24, 2023, with some standouts being Ashok Leyland, Grasim Industries, and United Spirits. ICICI Bank, L&T, ONGC, and Tata Motors DVR also reached new highs. The data was sourced from BSE at 12.40 pm, and updates could come with a lag.

A total of 6,753 shares changed hands on the counter till 11:16AM (IST)

​We are not comparing loan growth to FY23 because FY23 was a very strong year in terms of loan growth but for the year probably 13-13.5% sort of credit growth for the system looks likely and wherein private banks will be doing better than that so they could probably be in the 17 to 18 range in the sector level.

“We expect better numbers in spite of the fact that we will merge JSW Ispat. Necessary approvals have been obtained and we would merge it in Q2 and that would add some debt but in spite of that, we are confident of being able to get it down below what it stands in quarter one today.”

The brokerage expects the company to deliver a robust NII/Earnings growth of 30/37% CAGR overFY23-25E.

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 704562.70 Crore).

The stock quoted a 52-week high price of Rs 143.35 and a 52-week low of Rs 104.65.

The state-owned firm also inked an initial pact with REC for securing finance of Rs 50,000 crore for projects of its subsidiaries and joint ventures. REC will provide financial assistance to set up new power generating stations based on conventional and renewable sources of energy, according to a statement on Friday.