ICICI bank shares boom as FPI raise stakes in quarter end December

By Sarthak Yadav On January 20, 2021 14:06 IST

As foreign portfolio investors (FPI) shareholding increased in the quarter end December 2020, ICICI bank share price added over a percent intraday today.

In the December 2020 quarter end foreign portfolio investors (FPIs) shareholding increased to 47.43% from 45.66% in September 2020. Whereas, Mutual Funds (MFs) reduced its stake in the bank to 26.35% from 27.07%.

LIC lowered its stake to 8.4% from 8.87%.

On January 30, 2021 the board of directors of the company will hold a meeting to consider and approve the unaudited financial results for the quarter and nine months ending December 31, 2020.

As on 13:04 ICICI bank was quoting Rs. 550.80, up Rs 4.70 at BSE.

The share touched its 52-week high Rs 561 and 52-week low Rs 269 on 13 January, 2021 and 24 March, 2020, respectively.

Currently, it is trading 1.2% below its 52-week high and 106.04% above its 52-week low.

Sarthak Yadav

Sarthak Yadav is a media graduate from L.S. Raheja College (Mumbai) with specialization in Journalism. Being an avid reader of literature with deep interest in public issues and politics allows him to be an observer, being aware and responsible towards the society. He is also a Singer/Songwriter & Poet and is currently working as a Journalist at Business Upturn.
He can be reached at [email protected]