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ICICI Bank gains on the BSE

ICICI Bank is currently trading at Rs. 464.45, up by 1.60 points or 0.35% from its previous closing of Rs. 462.85 on the BSE.

The scrip opened at Rs. 466.90 and has touched a high and low of Rs. 467.30 and Rs. 461.60 respectively. So far 138059 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 481.95 on 29-Oct-2019 and a 52 week low of Rs. 335.90 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 481.95 and Rs. 461.30 respectively. The current market cap of the company is Rs. 300542.75 crore.

The Institutions holding in the company stood at 88.90% and Non-Institutions held 11.10%.

ICICI Bank is targeting to double the number of windscreen tags used by vehicles for smooth passage highway tolls, to 4 million in six months. The lender, which was among the first to get into this segment, now has 2 million FASTag deployed in the market.

The tags were launched in order to make the passage of vehicles across toll plazas smoother, which will cut journey times and also save fuel. Axis Bank and State Bank of India are the other lenders offering the service. The tag has a RFID chip on board, which becomes the unique identity of a vehicle and helps in toll collection.

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.

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