One of India’s major private sector banks, ICICI Bank serves more than 100 million customers nationwide. Investors, traders, and analysts constantly monitor the bank’s share price because it is a leading indicator of the Indian banking industry and economy. ICICI Bank has had tremendous expansion in recent years, increasing its clientele, product offerings, and digital capabilities. Because of this, many investors are upbeat about the bank’s prospects for the future and are keenly watching its share price. This article will examine the current performance of ICICI Bank and evaluate its share price projection for the near term.
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Contents
ICICI BANK IN RECENT NEWS
- For Indian exporters, ICICI Bank’s digital solutions provide a flexible and smooth processing experience.
- ICICI Bank has exceeded expectations in its Q4 results, experiencing a notable 30% increase in net profit.
- Indifi receives support from ICICI Venture as it secures its second investment from the fifth private equity fund.
ICICI Bank declares a dividend of Rs 8 per share as part of its Q4 results announcement.
HOW TO PURCHASE ICICI LTD BANK SHARES ?
Here are the trading platforms available for purchasing shares of ICICI Bank Ltd:
- Upstox
- Zerodha
- Groww
- AngelOne
- ICICIDirect
| ICICI BANK SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
| June 2023 | ₹950.00 | ₹863.64 |
| July 2023 | ₹978.50 | ₹889.55 |
| August 2023 | ₹998.07 | ₹907.34 |
| September 2023 | ₹1,021.03 | ₹928.21 |
| October 2023 | ₹991.29 | ₹901.17 |
| November 2023 | ₹1,011.11 | ₹919.19 |
| December 2023 | ₹1,041.45 | ₹946.77 |
According to the table provided, ICICI Bank’s share price is expected to experience a bullish uptrend in 2023. In june, the maximum price is predicted to be ₹950.00, while the minimum price is forecasted to be ₹863.64. However, in December, the maximum price is expected to be as high as ₹1,041, with a minimum of ₹946.77. This indicates a significant increase in ICICI Bank’s share price.
In the coming months, the bank’s digital solutions, expanding customer base, and product offerings are likely to fuel this growth, resulting in an upward trend. As a result, investors, traders, and analysts are closely monitoring ICICI Bank’s share price and considering it as a potentially lucrative investment opportunity. Overall, 2023 seems to hold a promising outlook for ICICI Bank’s share price, with a positive trajectory expected throughout the year.
ICICI BANK SHARE PRICE TARGET 2024
| ICICI BANK SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
| January 2024 | ₹1,206.28 | ₹1037.03 |
| February 2024 | ₹1,355.37 | ₹1,129.48 |
| March 2024 | ₹1,426.71 | ₹1,159.93 |
| April 2024 | ₹1,297.01 | ₹997.70 |
| May 2024 | ₹1,080.84 | ₹831.42 |
| June 2024 | ₹1,297.01 | ₹997.70 |
| July 2024 | ₹1,102.46 | ₹854.62 |
| August 2024 | ₹1,212.70 | ₹962.46 |
| September 2024 | ₹1,273.34 | ₹979.49 |
| October 2024 | ₹1,498.04 | ₹1,152.34 |
| November 2024 | ₹1,572.95 | ₹1,209.96 |
| December 2024 | ₹1,604.41 | ₹1,234.16 |
The table provided above indicates a positive outlook for ICICI Bank’s share price in 2024. The maximum price target for the year is predicted to be ₹1,604.41 in December, while the minimum target is expected to be ₹831.42 in May. This indicates a wide range of fluctuations throughout the year, with investors and traders closely monitoring the bank’s performance and potential for growth.
In the first quarter of the year, ICICI Bank’s share price is expected to experience significant growth, with the maximum price predicted to be ₹1,206.28 in January and ₹1,426.71 in March. Although there might be some fluctuations in the following months, the overall trajectory for the year is expected to be positive, with the bank’s digital capabilities, expanding customer base, and product offerings driving this growth.
Furthermore, the bank’s acquisition of I-Process Services as a subsidiary in 2023 is also expected to contribute to the growth of its share price in 2024. Overall, with a maximum target of ₹1,604.41 and a minimum target of ₹831.42, ICICI Bank’s share price is projected to remain an attractive investment opportunity in 2024, and investors are advised to closely monitor the bank’s performance to make informed investment decisions.
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ICICI BANK SHARE PRICE TARGET 2025
| ICICI BANK SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
| January 2025 | ₹1,636.49 | ₹1,258.84 |
| February 2025 | ₹1,722.63 | ₹1,325.10 |
| March 2025 | ₹1,808.76 | ₹1,391.35 |
| April 2025 | ₹1,614.96 | ₹1,242.28 |
| May 2025 | ₹1,468.15 | ₹1,129.34 |
| June 2025 | ₹1,614.96 | ₹1,242.28 |
| July 2025 | ₹1,538.06 | ₹1,183.12 |
| August 2025 | ₹1,602.14 | ₹1,232.42 |
| September 2025 | ₹1,682.25 | ₹1,294.04 |
| October 2025 | ₹1,783.19 | ₹1,371.68 |
| November 2025 | ₹1,908.01 | ₹1,467.70 |
| December 2025 | ₹1,946.17 | ₹1,497.05 |
The ICICI Bank’s stock price target for 2025 appears to be quite bullish, according to the table. As per the data, the maximum price for January 2025 is predicted to be ₹1,636.49, which is the highest in the entire table. Similarly, the minimum price target for January 2025 is ₹1,258.84, which is also the highest in the table.
This indicates that the bank’s stock is expected to continue its upward trend and may continue to grow in the coming years. Moreover, the maximum and minimum prices in the later months of 2025 also suggest that the bullish trend may continue throughout the year. Overall, the ICICI Bank’s stock price target for 2025 seems to be quite promising, and investors can expect some significant growth percentage in the coming years.
ICICI BANK SHARE PRICE TARGET 2026 TO 2030
| ICICI BANK SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
| 2026 | ₹1,362.32 | ₹953.62 |
| 2027 | ₹1,157.97 | ₹810.58 |
| 2028 | ₹2,084.35 | ₹1,459.04 |
| 2029 | ₹4,281.57 | ₹2,997.10 |
| 2030 | ₹4,768.12 | ₹3,337.68 |
Based on the data provided, the ICICI Bank share price target for 2026 to 2030 shows a mix of ups and downs. In 2026, the share price is expected to range from a maximum of ₹1,362.32 to a minimum of ₹953.62. In 2027, the maximum price is predicted to be ₹1,157.97 while the minimum price is expected to be ₹810.58.
However, the year 2028 is expected to witness a significant growth, with a maximum price target of ₹2,084.35 and a minimum price target of ₹1,459.04. This bullish trend is expected to continue into 2029, with a maximum price target of ₹4,281.57 and a minimum price target of ₹2,997.10.
In 2030, the maximum price target is predicted to be ₹4,768.12 while the minimum price target is expected to be ₹3,337.68. These predictions indicate that while there may be some fluctuations in the ICICI Bank share price in the coming years, the long-term trend seems to be upward, with significant growth predicted in 2028 and 2029.
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FINANCIAL STRENGTH OF ICICI BANK (2019 TO 2023)
| Year | Revenue | Interest | Expenses+ | Financing Profit | Financing Margin % | Other Income+ | Depreciation | Profit before tax | Tax % | Net Profit+ | EPS in Rs | Dividend Payout % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2019 | 71,982 | 39,178 | 83,775 | -50,971 | -71% | 59,325 | 946 | 7,408 | 23% | 5,689 | 6.60 | 15% |
| Mar 2020 | 84,836 | 44,666 | 85,361 | -45,190 | -53% | 64,950 | 1,171 | 18,589 | 40% | 11,225 | 14.78 | 0% |
| Mar 2021 | 89,163 | 42,659 | 91,309 | -44,805 | -50% | 72,030 | 1,340 | 25,884 | 22% | 20,364 | 26.58 | 8% |
| Mar 2022 | 95,407 | 41,167 | 80,798 | -26,558 | -28% | 62,129 | 1,330 | 34,241 | 25% | 26,538 | 36.14 | 14% |
| Mar 2023 | 121,067 | 50,543 | 89,379 | -18,856 | -16% | 66,110 | 0 | 47,255 | 25% | 35,461 | 48.74 | 16% |
The table provides a comprehensive overview of ICICI Bank Ltd’s financial performance over the last five years, from March 2019 to March 2023. During this period, the bank witnessed a consistent increase in revenue, growing from Rs 71,982 crore in March 2019 to Rs 121,067 crore in March 2023. However, the bank faced challenges related to interest and expenses, resulting in fluctuations in financing profit and financing margin percentages.
The net profit of ICICI Bank showcased varying trends, experiencing a decline in 2020 but displaying significant recovery in subsequent years, reaching Rs 35,461 crore in March 2023. This recovery was accompanied by an upward trajectory in earnings per share (EPS), which declined in 2020 but rebounded to Rs 48.74 by March 2023.
It is important to note the fluctuating dividend payout percentages, ranging from 0% in March 2020 to 16% in March 2023. These variations highlight the bank’s changing approach to distributing profits among shareholders.
Despite the challenges faced, ICICI Bank demonstrated resilience and a gradual recovery, evidenced by the growth in revenue and profitability over the five-year period. The bank’s consistent focus on improving its financial performance positions it well for future success.
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ICICI BANK LTD SHARE PRICE TARGET BY EXPERTS
KR Choksey has recommended a buy call on ICICI Bank Ltd, suggesting that investors can continue purchasing shares of the company with a target price of Rs. 1175.
Motilal Oswal has issued a buy call on ICICI Bank Ltd, advising investors to continue purchasing shares of the company with a target price of Rs. 1150.
LKP Securities recommends purchasing ICICI Bank with a target price of Rs 1058.
FAQ’s
According to the given data, the maximum ICICI Bank share price target for 2024 is ₹1,604.41
According to the given data, the maximum ICICI Bank share price target for 2025 is ₹1,946.17
According to the given data, the maximum ICICI Bank share price target for 2030 is ₹4,768.12
While there is no guarantee that ICICI Bank’s share price will reach ₹5000 by 2025, it is possible given the company’s consistent growth and strong financial performance. ICICI may reach Rs.5000 by 2029.
According to the data provided, the ICICI Bank share price has shown a consistent growth trend in the past years, with some fluctuations. However, share prices are subject to various market and economic factors and it’s difficult to predict their exact movement in the future.
Factors such as economic conditions, regulatory changes, and global events can impact ICICI Bank’s share price in the coming years.
SOME POINTS TO CONSIDER WHILE BUYING ICICI BANK SHARE PRICES:
- Stock is trading at 3.53 times its book value
- Company has low interest coverage ratio.
- Contingent liabilities of Rs.46,27,574 Cr.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.66,110 Cr.
CONCLUSION: ICICI BANK
According to the information given, the share price of ICICI Bank has fluctuated throughout the previous few years. Yet, recent years have seen constant growth in the company’s revenue and earnings, suggesting a favourable trend in its financial development. Although it is challenging to make a firm prediction regarding share price targets, the information offered points to a potential for growth in the future. It is critical to remember that the stock market is influenced by a variety of outside forces, and investment is always risky to some extent.
Considering the sustained growth trajectory, the share price of ICICI Bank has the potential to reach 5000 rupees by 2029. However, it is essential to acknowledge the influence of external factors, including the economic conditions and regulatory environment impacting the banking sector.
The positive growth prospects of ICICI Bank shares make them an attractive option for investors seeking long-term returns. To make well-informed decisions, investors should conduct thorough research and seek advice from financial experts.
Suhani Bhat, a student of Hansraj college, is a finance writer who takes deep interest in stock market, mutual funds, and other financial news. She writes for multiple finance blogs, including Financegradeup.com. Other than English, she also speaks Hindi.