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EQUITY - MARKET SCREENER

ICICI Bank Ltd
Industry :  Banks - Private Sector
BSE Code
ISIN Demat
Book Value()
532174
INE090A01021
461.3815401
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
ICICIBANK
19.33
969551.95
EPS(TTM)
Face Value()
Div & Yield %
69.91
2
0.89
 

Data centre, AI stocks rally after Budget offers tax sops for cloud services
Feb 01,2026
E2E Networks jumped 8.56%, while Anant Raj rose 6.57%. Netweb Technologies India gained 5.27%, reflecting strong investor optimism around India's data centre and AI infrastructure theme.

The rally followed Finance Minister Nirmala Sitharaman's announcement of a major tax initiative to position India as a global hub for cloud services. Under the proposal, any foreign company providing cloud services to customers worldwide using data centre infrastructure located in India will be eligible for a tax holiday extending up to 2047.

In addition, the government announced a safe harbour margin of 15% on cost for data centre services provided from India by related entities, offering greater tax certainty for multinational groups.