ICICI Bank is a company based in India that specializes in banking facilities. It has a consolidated total assets of ₹17.51 trillion and it is one of the largest banks in India by assets. It offers numerous facilities for its rural and urban consumers with the help of its huge network of branches and divisions.

Stock history of ICICI Bank

ICICI Bank’s stock history is one of strong growth, with the share price increasing significantly since January 2001. The stock has grown from around Rs. 60 per share to nearly Rs. 856 per share as of January 2023. The bank’s shares have also seen significant volatility over the years, with the share price dipping as low as Rs. 80 in October 2008 during the height of the financial crisis. However, the bank has since recovered with the stock price steadily increasing over the past decade. The bank has seen some occasional dips in its share price, most notably during the COVID-19 pandemic, but overall the stock has performed well over the long-term.

Latest news about ICICI Bank

➤ ICICI Bank is going to offer funding to Tata Motors Electric vehicle dealers

➤ICICI Bank increases their FD return rates to 7.15%

How to buy ICICI Bank shares?

You can buy ICICI Bank shares in two ways: 

  1. Offline: You can buy ICICI Bank shares from a stockbroker or a bank. You need to fill a demat account opening form and submit it along with KYC documents. Once your demat account is activated, you can place an order with your stockbroker or bank to buy ICICI Bank shares. 
  2. Online: You can buy ICICI Bank shares online by opening a trading account with an online stockbroker. You can compare the trading platforms and brokerage rates of different online stockbrokers and choose the one that best suits your needs. Once your trading account is activated, you can place an order to buy ICICI Bank shares.

Moreover, you can buy shares from the following trading platforms:

Zerodha Click here
Upstox Click here
Groww Click here
AngelOne Click here
ICICIDirect Click here

Share Price Prediction of ICICI Bank: 2023 to 2030

Share Price Target 2023 of ICICI Bank is ₹1,172.10

When Maximum Price Minimum Price
January 2023 ₹856.50 ₹628.37
February 2023 ₹873.63 ₹672.02
March 2023 ₹655.22 ₹504.02
April 2023 ₹720.74 ₹554.42
May 2023 ₹600.62 ₹462.02
June 2023 ₹720.74 ₹554.42
July 2023 ₹864.89 ₹665.30
August 2023 ₹951.38 ₹731.83
September 2023 ₹998.95 ₹768.42
October 2023 ₹951.38 ₹731.83
November 2023 ₹1,046.52 ₹805.02
December 2023 ₹1,172.10 ₹901.62

ICICI Bank is expected to reach a price target of Rs. 1,172 by 2023. The bank’s share price has been on an upward trajectory since the start of 2021, and is expected to continue in the same direction over the next couple of years. The bank has a strong foothold in the Indian banking sector and has made significant investments in technology and digital banking services. With its strong balance sheet, robust customer base, and efficient risk management, ICICI Bank is expected to produce strong returns for investors in the long run. The bank is also well-positioned to benefit from the government’s push for digital banking and financial inclusion initiatives.

Share Price Target 2024 of ICICI Bank is ₹1,641.00

When Maximum Price Minimum Price
January 2024 ₹1,233.79 ₹949.07
February 2024 ₹1,386.28 ₹1,155.24
March 2024 ₹1,459.25 ₹1,186.38
April 2024 ₹1,326.59 ₹1,020.45
May 2024 ₹1,105.49 ₹850.38
June 2024 ₹1,326.59 ₹1,020.45
July 2024 ₹1,127.60 ₹874.11
August 2024 ₹1,240.36 ₹984.41
September 2024 ₹1,302.38 ₹1,001.83
October 2024 ₹1,532.21 ₹1,178.62
November 2024 ₹1,608.82 ₹1,237.55
December 2024 ₹1,641.00 ₹1,262.31

Keeping in mind the uncertainties of market, it can be predicted that the share price of ICICI Bank might reach ₹1,641.00 by December 2024.

Share Price Target 2025 of ICICI Bank is ₹1,990.55

When Maximum Price Minimum Price
January 2025 ₹1,673.82 ₹1,287.55
February 2025 ₹1,761.91 ₹1,355.32
March 2025 ₹1,850.01 ₹1,423.08
April 2025 ₹1,651.79 ₹1,270.61
May 2025 ₹1,501.63 ₹1,155.10
June 2025 ₹1,651.79 ₹1,270.61
July 2025 ₹1,573.14 ₹1,210.10
August 2025 ₹1,638.68 ₹1,260.53
September 2025 ₹1,720.62 ₹1,323.55
October 2025 ₹1,823.85 ₹1,402.96
November 2025 ₹1,951.52 ₹1,501.17
December 2025 ₹1,990.55 ₹1,531.20

ICICI Bank per share price might reach ₹1,990.55 by the end of 2025.

ICICI Bank Share Price Prediction 2026-2030

Year Maximum Price Minimum Price
2026 ₹1,393.39 ₹975.37
2027 ₹1,184.38 ₹829.07
2028 ₹2,131.88 ₹1,492.32
2029 ₹4,379.22 ₹3,065.45
2030 ₹4,876.86 ₹3,413.80

ICICI Bank is a private sector bank in India and is one of the largest financial services companies in the country. The bank has been growing significantly over the past few years and is expected to maintain its growth trajectory in the future as well. According to the current market trends and expert analysis, it is expected that ICICI Bank’s share price will grow significantly over the next 5 years, reaching a value of around ₹4,876.86 by 2030.

Financial Condition of ICICI Bank: Last 5 years

Narration Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Trailing Best Case Worst Case
Sales         62,162.35     71,981.65     84,835.77     89,162.66     95,406.87 1,11,627.36   1,11,627.36   1,04,556.76
Expenses         72,806.44     83,774.86     85,360.75     91,308.98     80,798.37     85,195.17   85,195.17   1,00,771.80
Operating Profit       -10,644.09   -11,793.21         -524.98       -2,146.32     14,608.50     26,432.19   26,432.19     3,784.96
Other Income         56,806.75     59,324.85     64,950.33     72,029.53     62,129.45     64,209.97                     –                       –  
Depreciation               922.14           945.84       1,171.22       1,340.07       1,330.01                       –                       –                       –  
Interest         34,262.05     39,177.54     44,665.52     42,659.09     41,166.67     46,697.85   46,697.85   46,697.85
Profit before tax         10,978.47       7,408.26     18,588.61     25,884.05     34,241.27     43,944.31 -20,265.66 -42,912.89
Tax           1,878.92       1,719.10       7,363.14       5,664.37       8,457.44     10,808.94 25% 25%
Net profit           7,712.19       4,254.24       9,566.31     18,384.32     25,110.10     31,902.88 -15,280.93 -32,357.65
EPS                     12.00               6.60             14.78             26.58             36.14             45.72         -21.90         -46.37
Price to earning                     23.20             60.69             21.91             21.90             20.21             18.71           20.68           18.71
Price               278.35           400.50           323.75           582.10           730.30           855.30       -452.89       -867.49
RATIOS:
Dividend Payout 12.50% 15.15% 0.00% 7.52% 13.84%
OPM 0.00% 0.00% 0.00% 0.00% 15.31% 23.68%

FAQS

Will the share price of ICICI Bank increase in 2023?

Yes, the per share price of ICICI Bank will grow and reach ₹1,172.10 by the December of 2023.

What is the price prediction for ICICI Bank for 2030?

The per share price of ICICI Bank might reach around ₹4,876.86 by the end of 2030.

What is the current market capitalisation of ICICI Bank?

As of January 2023, the ICICI Bank share price is trading at ₹856.50 with a market capitalisation of 5.97 trillion INR.

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Conclusion

The ICICI Bank share price is likely to remain strong in the coming years. It has a strong market presence, a well-diversified product portfolio, and a strong balance sheet. With a focus on expanding its customer base, introducing innovative products and services, and providing superior customer service, ICICI Bank is well-positioned to capitalize on the opportunities available in the Indian banking sector in the market. The bank is expected to maintain its steady growth in the coming years and its share price is likely to remain at attractive levels between 2023 and 2030.

 

Topics #ICICI Bank #price target