ICICI BANK LTD. (ICICIBANK) - COMPANY HISTORY
ICICI BANK OVERVIEW
ICICI Bank is India's largest private sector bank by consolidated assets. ICICI Bank Limited was incorporated in the year 1994 as a part of the ICICI Group with the name ICICI Banking Corporation Limited.ICICI Bank Limited is engaged in providing a range of banking and financial services including commercial & retail banking, project & corporate finance, insurance, venture capital and private equity, investment banking and broking.ICICI became the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the New York Stock Exchange.
Founded 1994
Managing Director & CEO - Mr. Sandeep Bakhshi
website-https://www.icicibank.com/
Headquarters - Mumbai, Maharashtra, India
Mkt. Cap (Cr)-5,95,128 INR
Div. Yield-0.58%
52W High-958.20 INR
52W Low-669.95 INR
ICICI Bank Historical Monthly Data
Expert Insights on ICICI Bank's Share Targets for 2025, 2030, and 2040
ICICI Bank share price target 2023,2025,2030,2040 is updated regularly by the financial experts on our website. In the starting of 2023, ICICI Bank Share price was 894 INR and slowly decreased because of Global market conditions. Today's price is 852 INR. If this pace continues then we might see ICICI Bank share price around 785 INR soon coming month but this is a buying opportunity for long term investors because technically strong support this price range.This year ICICI Bank stock price will go upside 1050 INR.So many factor to be analyse like Balance sheet,YoY & QoQ basis profit and tax statement,also One of the most important factor for the banking space is NPA.We analyse that ICICI Bank has came down their balance sheet NPA continuously, this says that ICICI Bank has stronger in Fundamental.
ICICI BANK Share price target 2023
ICICI Bank Share price target for 2023 is between 1000 to 1050 rupees.One of the best reasons is decreasing NPA QoQ and increasing share value in the market.It is not exact but as per our research we see these price targets.
ICICI BANK Share price target 2025
ICICI Bank Share price target for 2025 is between 1500 to 1600 rupees. ICICI Bank generated revenue last quarter is 33529.3 Cr this is more than previous quarter revenue 31087.5cr. This condition says that the bank is growing each quarter and increasing trust factor. This will impact market share value.
It is not exact but as per our research we see these price targets.which is a very great return around 85% - 90% from current stock price of ICICI Bank in 2023.
ICICI BANK Share price target 2030
ICICI Bank share price target for 2030 is between 2700 to 2800 rupees which is a very great return for long term around 220% from current stock price of ICICI Bank in 2023.This will beat the inflation also.
We can see the growth of stock in Fundamental as well as Technical point of view.Last QoQ balance sheet as well as YoY report is here.
ICICI BANK Share price target 2040
ICICI Bank Share price target for 2040 will be updated soon as we are working on it and trying to do proper technical analysis.
ICICI BANK Share price forecast for next 5 years
As per our analysis ICICI Bank Share price can go above 1700 rupees in next 5 years. whereas, some other price prediction websites say it will stay around 1500 INR.Stock price prediction depends upon so many factors like economic conditions, political developments, global financial trends, industry competition, company performance, and regulatory changes.
ICICI BANK Share Technical Analysis, Chart Analysis:
Weekly Chart Analysis:
ICICI Bank share Exponential Technical Analysis weekly chart:
Short Term Moving Average 20 EMA is around 862 INR and cmp is 860 INR. This EMA informs that on a short term basis technically ICICI Bank is a negative trend that means sell on rise.The trend will be positive ICICI Bank stock price trade above 20 EMA.
Medium Term Moving Average 50 EMA is around 834 INR and cmp is 860 INR. This EMA confirms that the medium term outlook for ICICI Bank is buy on deep.
Longer Term Moving Average 200 EMA is around 650 INR and cmp is 860 INR. This EMA indicate that longer run very strong technical chart pattern & outlook,Also 200 EMA indicate if stock price came around 200 EMA buy that stock hold for longer run
Monthly Chart Analysis:
As per Monthly Chart pattern,ICICI Bank on Monthly timeframes,taking small retracement,aslo long term chart positive,Higher high and Higher low formation continue ,so longer run can touch 1500++ level.
In Monthly time frame 800-815 price range level act as strong support any bad news would break the support range ,while new buyers are activated while 950-960 range act as resistance. Above 960 on closing basis ICICI Bank open new target can touch 1100 level.and touch our 2023 target.
ICICI Bank share Exponential Technical Analysis on monthly chart:
Short Term Moving Average 20 EMA is around 789 INR and cmp is 860 INR. This EMA informs that on a short term basis technically ICICI Bank is positive trend that means buy on deep.
Medium Term Moving Average 50 EMA is around 639 INR and cmp is 860 INR. This EMA confirms that the medium term outlook for ICICI Bank is buy on deep.
Longer Term Moving Average 200 EMA is around 350 INR and cmp is 860 INR. This EMA indicates that longer run very strong technical chart patterns & outlook.
ICICI Bank Shareholding Pattern
Above shareholding pattern will change QoQ and YoY. Always check updated shareholding this link Shareholding Pattern
Strength And Weakness
- Strong brand recognition
- Wide range of products and services
- Strong risk management
- Experienced management team
- Strong digital infrastructure
- Extensive network
- Customer-centric approach
- Diversified revenue streams
- Dependence on corporate clients
- Regulatory risks
- High competition
- Non-performing assets
- Dependence on wholesale funding
- Limited international presence
- Technology risks
- State Bank of India
- HDFC Bank
- Axis Bank
- Kotak Mahindra Bank
Conclusion:
In this post we have discussed ICICI Bank stock price & targets for various years such as 2040, 2030, 2025 & 2023 also we have discussed technical chart pattern formation in ICICI Bank various time frames such as weekly and monthly.
ICICI Bank is the leader of the private sector, also the weightage of this stock in index such as Nifty 50 and Bank Nifty is high as compared with other private banking such as Kotak Bank,Axis Bank.This reason leader always take our position top, so that our forecasting is 2 times value from current price in 2030 year so place SIP in this stock or buy on every deep.
You can continue to follow our website for latest updates on stock markets analysis and trends in the various stock and index.
FAQ
Q: How can I buy ICICI Bank shares?
A: To buy ICICI Bank shares, you need to open a demat account with a stockbroker, and then place a buy order through their trading platform. You will need to provide your PAN card, address proof, and bank account details to complete the account opening process.
Q: What are the factors that can impact the ICICI Bank share price?
A: The factors that can impact the ICICI Bank share price include economic conditions, political developments, global financial trends, industry competition, company performance, and regulatory changes.
Q: What is the stock symbol for ICICI Bank?
A: The stock symbol for ICICI Bank on the National Stock Exchange of India (NSE) is ICICIBANK and on the Bombay Stock Exchange (BSE) is 532174.
Q: Does ICICI Bank pay dividends?
A: Yes, ICICI Bank pays dividends to its shareholders. The amount and frequency of the dividends can vary based on the company's financial performance and decisions made by the board of directors.
Q: Is ICICI Bank share a good buy?
A: Yes, Because ICICI Bank always gives best returns on YoY basis and beats the FD returns.Bank NPA always reduces each QoQ which is sign of best management and growth in stock,this increases profitability of Bank causes increasing value of share.
