back to top
HomeSHARE MARKETDon't Sell This Bank Share; Price Target ₹1400; Great Opportunity To Buy

Don’t Sell This Bank Share; Price Target ₹1400; Great Opportunity To Buy

Hot Stocks Alert Join

ICICI Bank Ltd (NSE: ICICIBANK) Stocks to Buy: Due to positive global signals, there is a strong rise in the stock market today (28 March). There is a jump of more than 1 percent in the benchmark index Sensex-Nifty. 

Banking stocks are getting strong support in this rally. Amidst this wonderful recovery in the market, there is an opportunity to buy selected bank shares. 

Global brokerage house is bullish on private sector ICICI Bank. The brokerage believes that there may be a significant increase in deposit growth in the fourth quarter.

A rise of more than 1.5 percent was seen in ICICI Bank during early trading on Thursday.

ICICI Bank: ₹1400 New Target

Brokerage has advised to buy from ICICI Bank. The target price per share is also Rs 1400.

On March 28, 2024, the share price closed at Rs 1096.05. In this way, a strong rise of about 23 percent can be seen in the stock from the current price. 

The recent market correction has seen a significant change in this bank’s share. ICICI Bank has seen a 10 percent growth so far this year.

Whereas in the last year, the stock has given returns of around 29 percent to the investors. This stock is trading at about a 2.5 percent discount from its 52-week high (1,113).

Why Brokerage Is Bullish On ICICI Bank

Brokerage says that the bank is confident of maintaining ROA/ROE after the fourth quarter. Also, operating leverage delta will be important from the fourth quarter. 

Managing ROA amid an intense price war is the priority of the bank. The bank is confident of raising retail deposits on a large scale. 

It is expected that 4 percent QoQ deposit growth will translate into 17-18 percent y-o-y growth. In such a situation, due to a better outlook, the stock seems better to buy at the current level.

About ICICI Bank Ltd Company 

ICICI Bank provides the most extensive selection of banking services and products.

They offer current and savings accounts credit cards, loan investments, NRI services, and many more. The company is a major player in India and has a worldwide client base.

Using a holistic approach, the company strives to meet the needs of its diverse clientele base. This includes offering a variety of services, leveraging new technology, and providing a personalized customer experience.

The bank also focuses on innovation, including the development of digital and mobile banking platforms.

Its social media strategy is focused on capturing the attention of young consumers. It is also investing in IT infrastructure to improve employee efficiency and provide a better user experience.

Fundamental Analysis of ICICI Bank Ltd

Market Cap₹ 7,72,993 Cr.
Current Price₹ 1,096.05
52-wk High₹ 1,114
52-wk Low₹ 855
Stock P/E18.2
Book Value₹ 307
Dividend0.74 %
ROCE6.32 %
ROE17.2 %
Face Value₹ 2.00
P/B Value3.58
OPM36.0 %
EPS₹ 60.6
Debt₹ 13,99,894 Cr.
Debt to Equity6.53

ICICI Bank Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 1175₹ 1375
2025₹ 1400₹ 1485
2026₹ 1500₹ 1589
2027₹ 1600₹ 1690
2028₹ 1754₹ 1898
2029₹ 1900₹ 1950
2030₹ 1980₹ 2098
Hot Stocks Alert Join

ICICI Bank Ltd Shareholding Pattern

FII Holding
Dec 202245.11%
Mar 202344.16%
June 202344.53%
Sept 202344.39%
Dec 202343.65%
DII Holding
Dec 202244.18%
Mar 202345.11%
June 202345.00%
Sept 202345.27%
Dec 202346.00%
Govt. Holding
Dec 20220.24%
Mar 20230.24%
June 20230.25%
Sept 20230.26%
Dec 20230.27%
Hot Stocks Alert Join
Public Holding
Dec 202210.46%
Mar 202310.48%
June 202310.22%
Sept 202310.09%
Dec 202310.09%

ICICI Bank Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 71,982 Cr
2020₹ 84,836 Cr
2021₹ 89,163 Cr
2022₹ 95,407 Cr
2023₹ 151,348 Cr

Last 5 Years’ Net Profit:

2019₹ 5,689 Cr
2020₹ 11,225 Cr
2021₹ 20,364 Cr
2022₹ 26,538 Cr
2023₹ 44,117 Cr
Hot Stocks Alert Join

Last 10 Years’ Profit Growth:

10 Years:14%
5 Years:35%
3 Years:53%
Current Year:33%

Last 10 years’ Return on Equity (ROE):

10 Years:12%
5 Years:12%
3 Years:15%
Last Year:17%

Sales Growth Over 10 Years:

10 Years:10%
5 Years:14%
3 Years:13%
Current Year:36%

Conclusion

This article is a complete guide about ICICI Bank Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

If you are new to our website and want to get all the latest updates related to the stock market, join us on Telegram Group.

If you have any further queries, please comment below. We will be happy to answer all your questions. 

If you like this information, share the article with as many people as possible.

BEST FOR YOU

LEAVE A REPLY

Please enter your comment!
Please enter your name here