ICICI Bank share price tumbled down to as low as Rs 262.70 in today’s trading session, after it announced its plans to invest 10 per cent equity capital of Resurgent Power Ventures (RPV). RPV is a power platform created by ICICI Group along with Tata Group to facilitate investment in power projects in India.
In a regulatory filing to stock exchanges, India's largest private lender said the equity investment in RPV is a strategic investment to leverage the opportunities in the power sector of the Company. RPV as a power platform will facilitate investment in power projects of India.
According to the market experts, ICICI Bank was going to get a fair boost from some of the upcoming IPOs that it is going to launch this year.
Currently ICICI Bank share price is trading at Rs 268.15, down by 2.17 per cent. The share only went as high as Rs 269.30 in today’s trading session.
A total of 1,22,52,467 shares of ICICI bank have exchanged hands on the counter of NSE accounting to a total value of Rs 32,668.75 lacs. The share made a 52 week high of Rs 292.70 on 16th October 2015 and a 52 week low of Rs 180.75 on 26th February 2016.
The lifetime high of the share is the Rs 393.40 recorded on 28th January 2015 and the lifetime low is Rs 4.15 on 9th February 1999.
A glimpse into the Fundamentals
- The P/E Ratio of the Company is 17.76.
- The Promoter holding pledged is 0.
- The Book Value is 145.59.
- The Market Cap is Rs 159463.41 crores.
- The face value per share is Rs 2.
ICICI bank is recommended as one of the top 500 shares by Dynamic Levels. Get all the important support and resistance levels of the share at ICICI Bank share price forecast.
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