ICICI Bank is currently trading at Rs. 420.10, down by 2.75 points or 0.65% from its previous closing of Rs. 422.85 on the BSE.
The scrip opened at Rs. 416.00 and has touched a high and low of Rs. 422.75 and Rs. 416.00 respectively. So far 309763 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 437.90 on 27-May-2019 and a 52 week low of Rs. 256.50 on 16-Jul-2018.
Last one week high and low of the scrip stood at Rs. 430.30 and Rs. 414.55 respectively. The current market cap of the company is Rs. 271685.63 crore.
The Institutions and Non-Institutions holding in the company stood at 88.79 % and 11.21 % respectively.
Global rating agency Fitch has downgraded ICICI Bank's Long-Term Issuer Default Rating (IDR) to ‘BB+’ from ‘BBB-‘ and its Viability Rating to ‘bb+’ from ‘bbb-‘. The Outlook on the IDR is stable. It has also affirmed ICICI's Support Rating at ‘3’ and Support Rating Floor at ‘BB+’.
BB rating indicates speculative grade while BBB points at good credit quality. The rating action comes as financial health of the private sector banks has weakened amid the challenges the bank faces in its operating environment.
ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.
