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We were in for a long trading day – it started with Nikkei down 4 per cent, FTSE100 followed 5.5 per cent lower and CAC and DAC cracked 7 per cent each. Stranger still is the fact that an attempt to liquidate a 50 billion trade resulted in almost $3 trillion in equity losses worldwide ($30 trillion global equity market then).

The stock traded at a P/E multiple of 23.1, while the price-to-book value ratio stood at 2.55.

The Relative Strength Index of the stock stood at 54.57 on Monday.

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 555464.94 Crore).

On Saturday, the private sector lender reported a 50.17 per cent year-on-year (YoY) rise in profit after tax (PAT) at Rs 310.63 crore compared with Rs 206.84 crore in the same quarter last year. Net interest income (NII) for the quarter jumped 32 per cent YoY to Rs 1,850 crore, the private lender said in a BSE filing.

Promoters held 37.4 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 17.55 per cent and 0.03 per cent, respectively.

“The entire billion dollar which we are proposing to raise within the current financial year would be entirely CET; it is not a debt. Currently our CET is around 1.9%, but the bank definitely requires not only to create a buffer but also the growth capital for the future growth.”

The Relative Strength Index of the stock stood at 61.97 on Monday.

The Nifty IT index was trading 0.22 per cent down at 28105.6.

The stock-broking firm controlled by Asia’s richest financier is bringing beleaguered peers from India’s small towns into its fold as the company seeks a larger share in the sector that drew record revenues of $3.5 billion last year., a unit of billionaire Uday Kotak-controlled Kotak Mahindra Group, has onboarded four small brokerages into its platform and is in talks to add another 20, Jaideep Hansraj, chief executive officer of the company said in an interview.