ICICI Bank Share Price: Stock Analysis, History, and Forecast

Lately, the ICICI Bank share price has been swinging back and forth a lot. The stock entered into the new year with a winning foot and performed well in the first and the second month. However, in March, it seems staggering and is stuck between ₹ 640 and ₹ 730, lower than the previous months’ value. 

Nevertheless, the stock has had an awarding history and if we believe the experts, the bank is more likely to retain its share value soon. 

To know about the company’s management, its share price history, listing and indices, and whether you should invest in this stock or not, let’s dig deeper into this blog. 

ICICI Bank Share Price- Historical Data and Current Condition

Before moving any further, let us have a quick glance through the ICICI share price history table for the last few days:

As compared to NIFTY 100, which offered a return of 50.58%, ICICI Bank stock rendered a return of 83.33% which is quite higher. This data stands valid as of the last trading session. 

On March 22 2022, a 20-day moving crossover was witnessed. In the last 5 years, the stock notices an average price gain of 3.11% within 7 days.

As on 24 March 2022 at 16:04 Hours, the ICICI Bank share price NSE India stands at ₹ 704.20. While the ICICI Bank share price BSE stands at ₹ 704.30. 

Source: Money Control

As you can see, the ICICI Bank stock price soared in October. But later, like other stocks, it too fell down. However, it again rose and went into the dip and it’s continuing to do so due to the market volatility. 

ICICI Bank Company Information

ICICI Bank is one of the biggest private sector banks in India. It was established on 5th January 1994. The consolidated assets of the Bank stood at ₹ 14.76 trillion as of September 30, 2022. Currently, ICICI Bank has about 13,723 ATMs and a network of 5,288 branches across the country. 

The Bank delivers a diverse range of financial and banking products and services for retail and corporate customers through multiple channels and specialised subsidiaries in the field of life, non-life insurance, investment banking, asset management, and venture capital. 

Moreover, the bank has established its presence in 17 countries. It holds subsidiaries in Canada and the United States. 

While it has its branches in Bahrain, Oman, the United States, Dubai International Finance Centre, Qatar, Singapore, South Africa, and China. In addition, ICICI Banks has its representative offices in Malaysia, the United Arab Emirates, Indonesia, and Bangladesh. 

The company has been performing so well that its UK subsidiary launched its branches in Germany and Belgium. 

History of the ICICI Bank

ICICI was created in 1955 at the initiative of the Government of India, World Bank, and representative of Indian industry. The main goal was to form a development financial institution that renders medium and long term project financing to businesses in India. 

The company mostly concentrated on working on project finance, offering long-term capitals to a number of industrial projects until the late 1980s. 

However, with the liberalisation of the Indian financial industry in the 1990s, ICICI transitioned its business from a development financial organisation yielding only project finance. It transformed to a diversified financial services provider that offered a wide range of products and services, along with its subsidiaries. 

With Indian economy getting market-oriented and conglomerating with the international economy, ICICI capitalised on the new prospects. It was done to offer a wide spectrum of financial products and services to a wide range of clients.

ICICI Bank was established in 1994 as a segment of the ICICI group. It became the first Indian company in 1999 and the first bank or financial institution from non-Japan Asia to list on the New York Stock Exchange. 

Originally, it was promoted in 1994 by ICICI Limited, an Indian financial institution, and was its wholly-owned subsidiary.

Management of ICICI Bank

Be it ICICI Bank or for that matter any other financial institution, the management plays an important role. It is one of the most significant factors in a company’s success. Therefore, it’s important that the entire team is well-educated, skilled, experienced, and has practical knowledge of the work it has been designated. 

Here’s a list of dynamic members of the ICICI Bank management team:

Company Performance

From its launch to until now, the company has worked really hard to deliver excellent performance. ICICI Bank Limited registered a YoY (Year over Year) growth of 12.11% in its advances, which is more than its five year combined CAGR of 8.97%. 

Company has the potential to extend its total interest margin on a regular basis over the last three years with margins of 2.95% in the last year. 

The stock rendered a 3 year return of 83.62% while Nifty 100 offered a return of just 50.22%, as of the last trading session. Comparatively, the bank has returned much better return than that of the Nifty 100. 

The stock has performed really well the last year, that is, in 2021. However, it is currently shaking between several ups and downs. 

Nevertheless, if we talk about the overall performance of the company for the last five years, it has grown and brought better returns to the investors. 

ICICI Bank Limited Stock Returns in 2020 and 2021

If you have a look at the table below, you will find that ICICI Bank stock price hit an all-time high of ₹ 867 on October 2021. 

In 2020, the stock price was pretty low at ₹ 285.55. Also, since the pandemic was on a high-rise that year, the entire stock market suffered. Nevertheless, in 2021, the stock of ICICI Bank made history by rendering amazing performance, as it’s quite evident from the above table. 

So, if you invested in ICICI Bank in 2020, you will receive an amazing return on the stock if you sell it today. However, the market condition and the experts say that you should rather buy the stock of ICICI Bank as it is foreseen to rise. There’s a possibility that ICICI Bank share price target 2022 might be achieved. 

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ICICI Bank Limited Listings and Indices

ICICI Bank is listed on more than 10 stock exchanges in India and is a part of more than 35 indices. The listing information of ICICI Bank comprises the incorporation date, public issue date, NSE Code, BSE Code, face value, and more. Let us find those particulars in the table given below:

Listing on Stock Exchanges

ICICI Bank is listed on a total of 13 stock exchanges in India. They are as follows:

• National Stock Exchange of India Limited
• Bombay Stock Exchange
• Bangalore Stock Exchange Ltd.
• Calcutta Stock Exchange Association Ltd.
• Cochin Stock Exchange Ltd.
• Over The Counter Exchange Of India Ltd.
• Delhi Stock Exchange Assoc. Ltd.
• Uttar Pradesh Exchange Assoc Ltd.
• Inter-connected Stock Exchange of India
• Jaipur Stock Exchange Ltd.
• Ludhiana Stock Exchange Assoc. Ltd.
• Madras Stock Exchange Ltd.
• MCX Stock Exchange

Part of Indices

ICICI Bank is part of the following indices:

ICICI Bank Limited Company Location

ICICI Bank has 5,288 branches across the country. Therefore, it has number of offices. However, it is headquartered in the city of Vadodara, India, while it’s corporate office is in Mumbai. The address of both the location is as follows:

ICICI Bank Headquarter

Landmark, Race Course Circle, 

Vadodara- 390 007

ICICI Bank Corporate Office Address

ICICI Bank Towers

Bandra Kurla Complex

Mumbai– 400 051

Should You Invest in ICICI Bank Limited?

Yes, you should. At least, this is what the stock market experts have to say. But you shouldn’t make any choice right away. First, try to find out the reason behind it. If you find it suitable, then only proceed with any decision. 

Currently, the ICICI Bank share price has taken a dip but the stock is valuable and strong. So, the experts say that it’s high time to invest in or buy the ICICI Bank’s stock. The company is predicted to reach heights in terms of its valuation. 

Another factor to consider is its dynamic and super talented management. It  has been strategising smartly and delivering wonderful products to ease up the lives of its customers, employees, and other stakeholders. The stock has a great future.

Therefore, if you are planning to make a long-term investment that can get you wonderful returns further, then buying ICICI Bank stock would be a wiser option. 

FAQ’s about ICICI Bank Share Price