ICICI Bank extends rally, soars 10% in 4 days; market cap nears ₹11 trn

ICICI Bank reported rs 10 and ₹11, with movement of 10% attached to those lines. 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 +4.8% on the day at ₹1,571.20, and has returned +7.8% over three months. It is trading close to its 52-week high, so expectations were already elevated going in. The banks sector has moved -2.8% over the same period, so ICICI Bank is running 10.6 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.