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HomeSTOCKSIndia's Second-largest Bank Share Will Touch ₹1385; Q3 Profit 10,271 Crore

India’s Second-largest Bank Share Will Touch ₹1385; Q3 Profit 10,271 Crore

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ICICI Bank Ltd (NSE: ICICIBANK) Share: Shares of the private bank ICICI Bank have seen an increase of 1.90 percent on the day. On Tuesday, stocks of the company rose by Rs 1,027.90 at the BSE. 

The company also hit the 52-week highest of the company. The December quarter’s results are believed to be the primary reason for the surge in shares of the private bank.

What Is The Gross Profit?

The second largest private bank in the country, ICICI Bank, made an income of 10,271.54 crore in the 3rd quarter. 

It is 23.5 percent more than the December quarter in the previous financial year. The bank made an income of about Rs 831 crore.

The bank reported in its report that the net interest income grew in value by 34.6 percent to reach Rs 16,465 crore. 

At the same time, an improvement can also be noticed in the interest rate net. It now stands at 4.65 percent.

Expert Bullish

Global Financial Services believes that the value of bank shares could rise upwards to 1385 rupees shortly. 

Brokerage houses are adamant about this particular stock. He has put a “buy” tag on the stocks of banks that are private.

Additionally, a brokerage house has also granted a buy tag for ICICI Bank shares. Over the past period, ICICI Bank shares have witnessed a growth of 19%.

About ICICI Bank Ltd

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₹ 7,22,217 Cr.
Current Price₹ 1,027.90
52-wk High₹ 1,059.40
52-wk Low₹ 796
Stock P/E18.21
Book Value₹ 307
Dividend0.78 %
ROCE6.32 %
ROE17.2 %
Face Value₹ 2.00
P/B Value3.35
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
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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%
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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 gain a better understanding of 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
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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%

Company’s Positive Signs:

  • The company is predicted to be able to deliver a strong quarter.
  • The company has earned a good earnings growth of 34.6 percent CAGR over the five years.

Company’s Negative Signs:

  • The stock is trading at 3.37 times the book value.
  • This company boasts a low-interest coverage ratio.
  • The liability is contingent upon the amount of Rs 51,22,409 crores.
  • The company may be capitalizing on the cost of interest.
  • The earnings are based on an additional revenue of Rs 72,528 crores.

Conclusion

This article is a complete guide about ICICI Bank Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Also Read: 63% Government Holding Share Will Touch ₹510; Govt Has Set A Target By 2025

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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