ICICI Bank, a leading name in India’s banking sector, particularly in retail banking, has shown impressive performance in recent years. This article delves into the ICICI Bank Share Price Target spanning from 2024 to 2030, and provides a comprehensive analysis of the bank’s strengths, weaknesses, opportunities, and threats. The predictions and insights are based on detailed research and financial analysis.
ICICI Bank Latest News
- ICICI Bank Share Price Todayis up by 1.16% to Rs 1058.35 on the National Stock Exchange after opening at Rs 1043 per share.
- ICICI Bankhas assented a loan worth Rs 500 crores to Novel Jewels, owned by Aditya Birla Group. Novel Jewels is looking to start its functions in the next quarter. This is big move for the company as it is entering the jewellery market (High End) in India.
- ITAT (Income Tax Appellate Tribunal) of Mumbai bench approved ICICI Bank’s request to write off Rs 1855 crores of bad debt as a deduction. However, the appellate tribunal didn’t let ICICI a Rs 502 crore capital loss appropriation.
- ICICI Bank has purchased 1.65 per cent shares worth 1,356 crores (80.9 lakhs shares) of the ICICI Lombard General Insurance, Tuesday, 27/2024. This effort from the ICICI Bank will further strengthen their stake in the ICICI Lombard General Insurance company to 49.5%.
- In a shocking news, the Gurgaon branch of ICICI is under the scanner as its Branch Manager has been accused of siphoning off More than 12 crores from an NRI’s account. In an attempt to damage control, Bank top officials have been in touch with the victim NRI and assured her of giving money back to their account.
The ICICI Bank Share Price Targets: 2024 – 2030
- ICICI Bank Share Price Target 2024: The share price target ranges between ₹1,188 and ₹1,313, with an average target of ₹1,250.
- ICICI Bank Share Price Target 2025: A minimum target of ₹1,484, a maximum of ₹1,641, and an average target of ₹1,563.
- ICICI Bank Share Price Target 2026: The target ranges from ₹1,855 (minimum) to ₹2,051 (maximum), with an average of ₹1,953.
- ICICI Bank Share Price Target 2030: The share price target is set between ₹4,530 and ₹5,007, with an average of ₹4,768.
ICICI Predictions For Next Days
The ICICI share price predictionon Tuesday, April, 23: price 1079 Rupees, maximum 1165, minimum 993. ICICI share target on Wednesday, April. 24: price 1067 Rupees, maximum 1152, minimum 982. ICICI share price predictionon Thursday, April. 25: price 1067 Rupees, maximum 1152, minimum 982. ICICI share target on Friday, April. 26: price 1056 Rupees, maximum 1140, minimum 972.
In 1 week
ICICI share price predictionon Monday, April. 29: price 1031 Rupees, maximum 1113, minimum 949. ICICI share target on Tuesday, April. 30: price 1026 Rupees, maximum 1108, minimum 944. ICICI share price predictionon Wednesday, May. 1: price 1026 Rupees, maximum 1108, minimum 944. ICICI share target on Thursday, May, 2: price 1028 Rupees, maximum 1110, minimum 946. ICICI share price predictionon Friday. May, 3: price 1047 Rupees, maximum 1131, minimum 963.
In 2 weeks
ICICI share target on Monday, May, 6: price 1051 Rupees, maximum 1135, minimum 967. ICICI share price predictionon Tuesday, May. 7: price 1055 Rupees, maximum 1139, minimum 971. ICICI share target on Wednesday, May. 8: price 1057 Rupees, maximum 1142, minimum 972. ICICI share price predictionon Thursday, May. 9: price 1053 Rupees, maximum 1137, minimum 969. ICICI share target on Friday, May. 10: price 1035 Rupees, maximum 1118, minimum 952.
In 3 weeks
ICICI share price predictionon Monday, May, 13: price 1041 Rupees. Maximum 1124, minimum 958. ICICI share target on Tuesday, May. 14: price 1050 Rupees, maximum 1134, minimum 966. ICICI share price predictionon Wednesday, May. 15: price 1050 Rupees, maximum 1134, minimum 966. ICICI share target on Thursday, May, 16: price 1044 Rupees, maximum 1128, minimum 960. ICICI share price predictionon Friday, May. 17: price 1043 Rupees, maximum 1126, minimum 960.
In 4 weeks
ICICI share target on Monday, May, 20: price 1051 Rupees, maximum 1135, minimum 967. The ICICI share price predictionon Tuesday, May, 21: price 1048 Rupees, maximum 1132, minimum 964. ICICI share target on Wednesday, May, 22: price 1049 Rupees, maximum 1133, minimum 965.
Strengths of ICICI Bank
- Wide Business Range: ICICI Bank operates in various segments, including retail, business, and international banking, along with insurance services.
- Retail Banking Dominance: With over 5,300 branches and 18,000 ATMs, ICICI Bank is a major player in India’s retail banking sector.
- Digital Banking Leadership: The bank excels in digital banking with platforms like iMobile, InstaBIZ, and Pockets, and partnerships with payment apps like Google Pay and PhonePe.
- Robust Financial Health: ICICI Bank has effectively managed its finances, maintaining a lower proportion of bad loans and adhering to regulatory capital requirements.
Weaknesses and Challenges
- Exposure to Risky Sectors: ICICI Bank has significant exposure to sectors like power, construction, and telecom, which are currently facing financial stress.
- Comparatively Lower Profitability: The bank’s profitability per rupee is lower than some of its competitors.
- Past Regulatory Issues: Historical issues related to regulatory compliance have raised concerns, although the bank has been working to address these.
Opportunities and Threats
- Expansion in Rural Markets: There is potential for growth in rural and semi-urban areas.
- Innovative Banking Solutions: Introducing new banking products and services can attract more customers.
- Global Expansion: There are opportunities for international growth.
- Competition and Economic Factors: The bank faces intense competition and is susceptible to economic and political changes.
- Cybersecurity Risks: With a focus on digital banking, the bank must navigate the risks associated with cyber threats.
Financial Performance in 2023
- Net Profit: A significant increase of 52.2% compared to the previous year.
- Net Interest Income and Core Operating Profit: Both showed substantial growth.
- Loan and Deposit Growth: Both deposits and loans saw healthy growth rates.
ICICI Bank Share Price Target 2024
| Month (2024) | Maximum Target | MinimumTarget |
| January | Rs – | Rs – |
| February | Rs – | Rs – |
| March | Rs 1055.47 | Rs 928.41 |
| April | Rs 1066.98 | Rs 938.70 |
| May | Rs 1048.00 | Rs 948.62 |
| June | Rs 1030.20 | Rs 952.22 |
| July | Rs 1170.65 | Rs 965.13 |
| August | Rs 1009.91 | Rs 970.01 |
| September | Rs 1142.09 | Rs 980.03 |
| October | Rs 1162.12 | Rs 1005.32 |
| November | Rs 1190.66 | Rs 1027.90 |
| December | Rs 1195.19 | Rs 1068.73 |
ICICI Bank Share Price Target 2025
| Month (2025) | Maximum Target | MinimumTarget |
| January | Rs 1111.22 | Rs 814.70 |
| February | Rs 1100.67 | Rs 827.54 |
| March | Rs 1260.09 | Rs 830.22 |
| April | Rs 1221.09 | Rs 803.66 |
| May | Rs 1180.00 | Rs 850.91 |
| June | Rs 1260.23 | Rs 946.00 |
| July | Rs 1232.56 | Rs 9423.06 |
| August | Rs 1380.90 | Rs 9551.72 |
| September | Rs 1361.21 | Rs 1052.70 |
| October | Rs 1467.72 | Rs 1066.48 |
| November | Rs 1490.79 | Rs 1154.90 |
| December | Rs 1454.00 | Rs 1160.37 |
ICICI Bank Share Price Target 2026 to 2030
| Year | Maximum Target | Minimum Target |
| 2026 | Rs 1543.18 | Rs 936.66 |
| 2027 | Rs 1769.96 | Rs 1088.00 |
| 2028 | Rs 2065.09 | Rs 1194.73 |
| 2029 | Rs 2279.46 | Rs 1260.67 |
| 2030 | Rs 2671.84 | Rs 1400.22 |
ICICI BANK: NSE Financials 2023
The ICICI Bank Market Capitalisation: 738,301.26 Crores INR
ICICI Bank Reserves and Borrowings: 198,557.72 Cr INR and 119,325.49 Cr INR (March 2023) Respectively
ICICI Bank 52 Week High-Low: Rs 1070.00 – Rs 810.30
| Revenue | 1.17 Trillion INR | ⬆ 18.16% YOY |
| Operating expense | 824.39 Billion INR | ⬆ 12.70% YOY |
| Net Income | 340.37 Billion INR | ⬆ 35.55% YOY |
| Net Profit Margin | 29.12 | ⬆ 14.74% YOY |
| Earnings Per Share | 47.84 | ⬆ 45.06% YOY |
| EBITDA | · | · |
| Effective Tax Rate | · | · |
| Total Assets | 19.58 Billion INR | ⬆ 11.75% YOY |
| Total Liabilities | 17.37 Billion INR | ⬆ 11.04% YOY |
| Total Equity | 2.21 Billion INR | |
| Return on assets | 1.91% | |
| Return on Capital | · | |
| P/E Ratio | 59.57 | |
| Dividend Yield | 0.79% |
ICICI Bank Shareholding Pattern
- Promoters: 0%
- FII: 43.64%
- DII: 11.84%
- Retail & Others: 13.83%
- Mutual Funds: 30.69%
ICICI Bank Competitors (Market Cap: 738,301.26 crores INR)
- HDFC Bank Market Cap: 10,63,829.06 crores INR)
- Kotak Mahindra Market Cap: 334,035.93 crores INR)
- Axis Bank Market Cap: 329,364.44 crores INR)
- IndusInd Bank Cap: 112,675.99 crores INR
- IDBI Bank Market Cap: 92,094.32 crores INR)
- Yes Bank Market Cap: 69,901.61 crores INR
- IDFC First Bank Market Cap: 56,661.64 crores INR
Points to consider before investing in ICICI Bank Stock
- ICICI Bank shareoutlook by the senior technical analyst of Arihant Capital Markets is to keep hold of the stock. The ICICI Bank Share Price Target to hold Rs 1,120 to Rs 1,180. Its stop loss price is fixed at Rs 1,030, by the Arihant Capital Markets. An investor must be cautious of the fact that these ratings are subject to various market conditions.
- Another prediction about the ICICI Bank stockhas recently from the Deven Choksey Research brokerage firm. It is preserving the ‘’Buy’’ rating for ICICIBANK: NSE price at Rs 1250 per share. Although this is subject to market risks.
- ICICI Bank share price target NSEby Business Today is to contain between Rs 1,120 and Rs 1,180. NSE ICICI BANK stop loss by the BT (Business Today) is at Rs 1,030. As an investor, it is important to research all the aspects affecting the stock market.
- ICICI Bank revenueevolution is up from Rs 71,982 crores in 2019 to Rs 121,067 crores in 2023, a proliferation of additional 70% in the market. This displays the ICICI Bank robust and efficient management of its resources.
- The Operating Profit Margin for the ICICI BANKis up from Rs 7,408 crores in 2019 to Rs 47,255 crores, 2023.
- ICICI Bank has been able to control its expenses rather judicially in the latest five years. Its expenditure has been to Rs 80,798 crores in 2022 from Rs 80,798 crores in 91,309 crores. Again the Expense management of ICICI Bank is up to the mark..
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Conclusion
The share price of ICICI Bank has been through its own challenges on the stock market over the past five years. However, it has been steady overall for the investors by providing a good return on investment. The ICICI Bank Share Price has been through different phases of ups and downs. Although, ICICI stock has overall increased by 196% since 2019, 1st March. It is up from Rs 354 per share to Rs 1049 per share between 2019 and 2023, respectively. In the last one year of trading on the National Stock Exchnage, ICICI Bank Ltd Share Price is up by only two percent from Rs 856 per share, 2023, 1st March.
In the last few months, ICICI Bank has been embroiled in a few fraud cases from its Bank account holders. As an investor, it is important to keep yourself updated with such cases, having the potential to tarnish the Bank’s image in the market.
Experts such as Arihant Capital Market and Deven Chowksey Research have kept the ICICI Bank Share Price Target to ‘’Hold’’ and ‘’Buy’’ ratings for the banking stock, respectively.
