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ICICI Bank Shares Soar 3.19% on SENSEX30 Rally
Generated by AI AgentAinvest Movers Radar
Thursday, Apr 17, 2025 4:14 am ET1min read
ICICI Bank's stock price surged by 3.19% in pre-market trading on April 17, 2025, reflecting a strong start to the day's trading session.
ICICI Bank's stock price has been influenced by the broader market sentiment, as the SENSEX30 index opened with a significant gain of 2.26%. This upward trend in the index was driven by a majority of its constituent stocks, with 23 stocks experiencing gains of over 1%. Among the key contributors to this rally were
, which saw a 3.52% increase, and other major players like Indian Industrial Investment Bank and Reliance Industries, both of which rose by 3.06% and 3.01% respectively.Analysts expect ICICI Bank's earnings to grow by 9.15% in the coming year, from $1.53 to $1.67 per share. This projected growth is likely to bolster investor confidence in the bank's future performance, contributing to the recent surge in its stock price.
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