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Why ICICI Bank stock could rise 100% in two years

The stock rose 8.5% intra day to Rs 345.85, its highest level since February 2018. It was the top  Sensex, Nifty gainer today. It has gained 14.89% during the last one year and 6.42% since the beginning of this year.

The mid cap stock which stood at Rs 481.60 on August 3 last year closed at 4,348 level on Thursday. That is an astonishing 793% gain in one year.

At 10:31 am, the stock fell 4.21% or 14 points to 317.25 level. The stock has fallen after two days of consecutive gains.
L&T also has an option to sell an additional 25 lakh shares in its subsidiary if the proposed offer for sale is oversubscribed.