ICICI Bank went for IPO on January 1, 1999. Then the share price of this bank in the National Stock Exchange (NSE) was only Rs.4.08. On Thursday i.e. on the 8th of this month, the share price of ICICI Bank was recorded at Rs.899.60. From then till now, ICICI Bank has given returns of 21,950 percent in the last 23 years.
When ICICI Bank first came to IPO, if they invest some of the shares, they will get crores of rupees now. On January 1, 1999, if someone had invested Rs.1 lakh at the then share price, their investment would have been Rs.2.20 crore at today’s share price value. Even if they had invested Rs. 50 thousand.. they would have got more than a crore by now.
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You can step into the stock market and become a millionaire with a small amount of investment. But this is only possible for long term investors. Companies and banks are giving less returns to those who withdraw money in the short term.
ICICI Bank is currently performing well in the stock market. The stock of this bank has increased up to 6 percent in the last month itself. ICICI Bank has jumped 24.90 percent since last year. Moreover, ICICI Bank has provided returns of 208.50 percent in the last five years. If you look at this calculation, you can earn good profits if you put money in ICICI Bank.
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