ICICI Bank's stock soared to an all-time high of ₹1,295 on September 18, 2024, marking a 2% rise from the previous close. This surge has pushed its market capitalization to ₹9.1 lakh crore, making it the fourth Indian company to achieve this milestone.
The stock's impressive 30% gain this year has fueled the rally. This performance comes as investors anticipate a potential interest rate cut by the US Federal Reserve, which is expected to benefit banks and non-bank financial companies.