ICICI Bank (NSE:ICICIBANK) shareholders have earned a 22% CAGR over the last five years

ICICI Bank (NSE:ICICIBANK) shareholders have earned a 22% CAGR over the last five years

When you buy a stock there is always a possibility that it could drop 100%. But when you pick a company that is really flourishing, you can make more than 100%. For example, the ICICI Bank Limited (NSE:ICICIBANK) share price has soared 165% in the last half decade. Most would be very happy with that. Now it’s worth having a look at the company’s fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. Check out our latest analysis for ICICI Bank To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it’s a weighing machine. One flawed…
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Source: https://simplywall.st/stocks/in/banks/nse-icicibank/icici-bank-shares/news/icici-bank-nseicicibank-shareholders-have-earned-a-22-cagr-o