ICICI Bank Share Price Target 2023, 2024, 2025, 2026, 2030 : Hello friends, today we are going to talk about what will happen in future in ICICI Bank Share Price Target 2022, 2023, 2025, 2030 in detail.
Contents
ICICI Bank Introduction:
Industrial Credit and Investment Corporation of India ICICI Bank was established on 5 January 1955 and Sir Arcot Ramasamy Mudaliar was elected as the first Chairman of ICICI Limited. It was structured as a joint venture of the World Bank, public sector banks of India. and public sector insurance companies to provide project financing to Indian industry. ICICI Bank was established by ICICI in 1994 as a wholly owned subsidiary in Vadodara. Before changing its name to ICICI Bank, the bank was established as Industrial Credit and Investment Corporation of India Bank. The parent company was later merged with the bank.
Current Price = ₹900
52 WEEK HIGH = ₹958.20
52 WEEK LOW = ₹642.15
ICICI Bank Company Essential Data :
ICICI Bank Financial track record data :
All data is in crores.
| Year | Profit/Loss | Total Asset |
|---|---|---|
| 2018 | 879189.16 Cr | 6777.42 Cr |
| 2019 | 964459.15 Cr | 3363.30 Cr |
| 2020 | 1098365.15 Cr | 7930.81 Cr |
| 2021 | 1230432.68 Cr | 16192.68 Cr |
| 2022 | 141297.74 Cr | 23339.49 Cr |
Promoter = 0%
FII = 44.98%
DII = 44.75%
Public = 10.78%
Others = 0%
ICICI Bank Peer Comparison :
ICICI Bank Chart:
The fundamental technical analysis, market cap and all the data of the company is very good, due to which we discuss about ICICI Bank Share Price Target 2022, 2023, 2025, 2030 price.
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ICICI Bank and ICICI subsidiaries ICICI Personal Financial Services Limited and ICICI Capital Services Limited merged in 2002 in a reverse merger. During the financial crisis of 2007–2008, customers flocked to ICICI ATMs and branches in some places due to rumors of the bank’s failure. The Reserve Bank of India issued a clarification on the financial strength of ICICI Bank to dispel the rumours. In March 2020, the board of ICICI Bank Limited approved an investment of ₹10 billion (US$130 million) in Yes Bank, resulting in a 5% ownership interest in Yes. It can be estimated that ICICI Bank share price target 2022. The first target is expected to go up to Rs.918 and the second target price is expected to go up to Rs.924.
ICICI Bank Share Price Target 2022
First target = 918 ₹
Second Target = 924₹
ICICI Bank is India’s 2nd largest bank, currently the bank offers a lot of products and services to its customers, including banking related activities as well as many other services like Insurance, Venture capital, Assets Management to the customers. provides. Because of which the business of the bank is seen to be growing at a very good pace. If we look at the main source of income of ICICI Bank, then the bank gets the maximum revenue from the retail banking segment, but apart from this, the bank is gradually increasing its market share in the Insurance and Assets Management segment with the help of its subsidiary company. Have been If ICICI Bank breakouts the 52 week high, then a good rally can be seen, which is expected to go up to ICICI Bank share price target 2023. First target ₹ 1050 and second target ₹ 1130.
ICICI Bank provides a range of services to its customers such as Credit Cards, Consumer Banking, Corporate Banking, Insurance, Investment Banking, Private Banking, Wealth Management, Personal Loans, Payment Solutions, etc. The management is also seen providing very good interest to the customers on their deposit amount to gradually increase their CASA Ratio, due to which the CASA Ratio of the bank is showing a very good jump. Along with this, the management seems to be increasing its focus on making significant improvements on its loan book in order to improve its Assets Quality. Whichever bank is currently working in its business under a new strategy to improve its Assets Quality, it is expected that in the coming days the bank will definitely see its benefits. With the improvement in the Bank’s Assets Quality, a jump in the share price can be seen, in ICICI Bank Share Price Target 2024, the first target is expected to reach ₹ 1395 and the second target is expected to reach ₹ 1410.
Talking about the branch network of ICICI Bank, along with India, the business of the bank is also spread in different advanced countries like International Market USA, Singapore, Bahrain, Hong Kong, Dubai, China, UK, Canada, Germany. Today, the branch network of ICICI Bank in India as well as in International is almost
ICICI Bank is a leading private sector bank in India. The total assets of the bank as on June 30, 2022 were ₹14,15,581 crore. ICICI Bank currently has a network of 5,534 branches and 13,222 ATMs across India. The management is constantly working on a complete plan to open new branches keeping in mind the fast growing opportunities of the bank in the rural areas of India, ICICI Bank share price target 2025 you have to go up to the first target ₹ 1565 and the second target ₹ 1610 hopefully.
If you look at the loan book of ICICI Bank, the bank is constantly trying its best to reduce its NPA, for which the bank has been showing more and more focus towards retail loans for the last few years, among them The percentage of mortgage-loan in the bank’s retail loan is very high, due to which the bank’s NPA is getting reduced every year and Assets Quality is also improving gradually. Also, in the corporate loan book of ICICI Bank, it is seen giving more and more loans to the same corporate, due to which the credit rating is the best, due to which the default loan in ICICI Bank’s corporate loan is very low for the last few years. Similarly, if the bank succeeds in keeping its NPA under control by improving its loan book even further, then ICICI Bank will definitely be seen showing good performance in the private banking sector in the coming times. Looking at this excellent performance of the bank in the long run, ICICI Bank Share Price Target will be ₹ 3600 in 2030.
If you look at the banking sector in India, there is a huge opportunity for growth in the future, even now, the rural areas of India are still deprived of bank services, ICICI Bank is working to spread its banking services to every rural area. The bank is gradually attracting rural areas in the coming times, as well as due to the growing technology leadership of ICICI Bank in the banking sector, different segments of the financial sector such as SME Lending, Payment Ecosystem, The bank can also capture the market of Merchant Banking very easily, due to which ICICI Bank has full potential to achieve leadership position in the private banking sector gradually in the future.
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1.) If we talk about the biggest risk in the banking sector, the NPA affects the bank the most, if we look at the NPA of ICICI Bank, it is much higher than the main competitor bank HDFC, due to which in the coming time, if the bank can control its NPA. If there is no success in keeping, then there can be an atmosphere of decline in the share price in the future.
2.) ICICI Bank has to face big banks, there are many competing companies in every segment, every company is trying its best to make its presence in this big market related to banking and financing of India. Due to which ICICI Bank may have to face a lot of difficulty in the coming days to maintain its dominance in each of its business segments.
Expert opinion:
India’s economic power is gradually getting better growth, the main reason for this is the banking sector, which is definitely going to see huge growth in the banking sector in the future, whose profit ICICI Bank is also going to be seen taking advantage of very well. There is full hope of giving good returns to the shareholders of ICICI Bank in the long term.
conclusion :
After reading the article, you must have got an idea of how the company can show in future with business details. If you still have any question in your mind, then you must ask in the comment. I regularly share information related to the stock market with your readers.
Disclaimer: In this post we have just evaluated the company. We have not recommended any investment on this stock. Consult a financial advisor before making any investment.