Raymond Realty raises Rs 210 cr from ICICI Prudential Real Estate Development Fund
ICICI Bank secured new business.
· Economic Times Markets
Raymond Realty has announced that it has secured Rs 210 crore from ICICI Prudential Real Estate Development Fund. This financial investment will be used for a redevelopment project in the Mumbai Metropolitan Region. The investment will be made through Ten X Realty West Ltd, a subsidiary of Raymond Realty. The collaboration aims to enhance capital efficiency and expedite project timelines.
The analysis
ICICI Bank reported Rs 210 cr and Rs 210 crore. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +0.8% on the day at ₹1,398.00, and has returned -2.5% over three months. It sits 4% below its 52-week high. The banks sector has moved -6.0% over the same period, so ICICI Bank is running 3.5 points ahead of its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- In focus: ICICI Bank (ICICIBANK), in Banks.
- Over three months: ICICI Bank -2.5% against Banks -6.0% (3.5 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| ICICI BankICICIBANK · Banks | ₹1,398.00 | +0.8% | +5.8% | -2.5% | -4.4% | 0.9× | — |
Banks
1M -3.4% · 3M -6.0%
ICICI Bank
Financial Services
1M -8.8% · 3M -14.9%
Capital Goods & Engineering
1M -10.9% · 3M -5.3%
Real Estate
1M -7.4% · 3M -13.7%
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
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