If you’re looking to invest in ICICI Bank, now is a good time. The bank’s share prices are currently trading at a 52-week low, making it a great time to buy low and watch your investment grow. With a daily trading volume of over $1 billion, there is plenty of liquidity in the market, so you can be sure to find a buyer when you’re ready to sell.
What are the current share prices of ICICI Bank
The current share prices of ICICI Bank are quite attractive and offer a good opportunity for investment. The bank has a strong presence in India and its products and services are well-known. The shares are currently trading at Rs. 356, which is a good price point. ICICI Bank has a good reputation and is a trusted brand. Its shares are likely to continue to perform well in the future.
How has ICICI Bank’s share price performed over the last year
ICICI Bank’s share price has been on a roller coaster ride over the last year. The stock started the year off strong, reaching a 52-week high of Rs. 552 in February. However, the stock then plunged to a 52-week low of Rs. 352 in May amid concerns about the bank’s exposure to bad loans. The stock has since recovered some ground and is currently trading at Rs. 462.
Despite the volatile ride, ICICI Bank’s share price has still outperformed the Sensex over the last year. The stock is up 30% compared to the Sensex’s 25% gain. This is thanks to the bank’s strong fundamentals, which have helped it weather the storm better than most other banks.
ICICI Bank is India’s largest private sector bank with a strong presence in both retail and corporate banking. The bank reported healthy profit growth of 24% in its latest quarter, driven by robust loan growth and higher interest income. Its non-performing loan ratio also improved during the quarter, providing further evidence of the strength of its asset quality.
With strong fundamentals and a proven track record of delivering consistent growth, ICICI Bank is well-positioned to continue outperforming the market in the years ahead.
What is the 52-week high and low for ICICI Bank’s shares
ICICI Bank is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra, India, with its registered office in Vadodara. In 2020, it was the second largest bank in India in terms of assets and third largest in terms of market capitalisation. It offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialised subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management. The Bank has a network of 4,850 branches and 14,404 ATMs spread across India and has a presence in 19 countries. ICICI Bank’s shares are listed on the Bombay Stock Exchange and the National Stock Exchange of India.
The 52-week high for ICICI Bank’s shares is Rs. 558.95, while the 52-week low is Rs. 384.05.
How many shares of ICICI Bank are traded daily
According to ICICI Bank’s website, the average daily trading volume for ICICI Bank shares is around 15.5 million.
What is the market capitalization of ICICI Bank
The market capitalization of ICICI Bank is Rs. 2,56,317 crore (US$ 36.51 billion) as of March 31, 2020. The bank has a network of 5,275 branches and 15,589 ATMs spread across India. The bank offers a wide range of banking products and services to its retail and corporate customers. Its products include savings and deposit accounts, credit cards, loans, forex services, and investment products.
Who are the major shareholders of ICICI Bank
ICICI Bank is one of the leading banks in India with a strong presence in both retail and corporate banking. The bank has a wide range of products and services to offer its customers. ICICI Bank is also a major shareholder in several other banks and financial institutions.
The list of shareholders of ICICI Bank as on March 31, 2020, is given below:
1. Mr. K V Kamath – 9,817,040
2. Ms. Chanda Kochhar – 7,661,039
3. Mr. Deepak Parekh – 5,554,547
4. Life Insurance Corporation of India – 4,063,725
5. State Bank of India – 2,842,872
6. The HDFC Standard Life Insurance Company Ltd. – 2,791,208
7. The HDFC Asset Management Company Ltd. – 2,342,144
8. Mr. Shikha Sharma – 1,736,971
9. Mr. M K Sharma – 1,500,000
10. ICICI Prudential Life Insurance Company Ltd. – 1,362,075
What analysts are saying about ICICI Bank’s shares
The shares of ICICI Bank are on the rise, and analysts are attributing it to the bank’s strong fundamentals. The lender is well-capitalised and has a strong asset quality, which has helped it weather the Covid-19 pandemic better than its peers.
Analysts are also positive on the bank’s growth prospects, as it is well-positioned to benefit from the growing digital banking trend in India. They believe that ICICI Bank is well-placed to capture a larger share of the growing digital banking market in India.
Overall, analysts are bullish on ICICI Bank’s shares and believe that the stock is a good long-term investment.
Is now a good time to buy ICICI Bank’s shares
In the current scenario, ICICI Bank’s shares are undervalued and hence, it is a good time to buy them. The market is expecting the bank to report strong results in the upcoming quarters which would lead to an appreciation in the stock price. Moreover, the bank has a strong capital position and is well-placed to weather any headwinds in the near future. Hence, buying ICICI Bank’s shares at the current levels is a good investment opportunity.
What risks do investors face when buying ICICI Bank’s shares
When it comes to investing in ICICI Bank, there are a few risks that investors need to be aware of. First and foremost, the bank is based in India, which means that it is subject to the country’s political and economic stability. Additionally, ICICI Bank is a large and complex financial institution, which makes it more difficult to understand and manage than smaller banks. Finally, the bank has been involved in several scandals in recent years, which could damage its reputation and negatively impact its share price.
What other Indian banks does ICICI Bank compete with
ICICI Bank, which is based in Mumbai, competes with other Indian banks such as State Bank of India, HDFC Bank, and Axis Bank. These banks all offer similar products and services, including savings and checking accounts, loans, and credit cards. ICICI Bank has a strong online presence and offers mobile banking as well.