ICICI BANK Share Price: Today, February 14, 2025, ICICI Bank share price increased by 0.80%. The share price of the stock is 1258.45 at present. The closing price of the stock was 1248.50 per share. The company also unveiled ishop recently. Let’s unleash more about the ICICI Bank share price and its target in this article.
Brief Background of ICICI Bank
On the World Bank initiative, the Indian government and business groups, ICICI was established in 1955. Establishing a development financial organization to offer medium- and long-term project funding to Indian companies was the main goal. ICICI’s operations were mostly concentrated on project finance till the 1980s, when it supplied long-term funding for a range of industrial ventures.
Following India’s financial sector liberalization in the 1990s, ICICI changed its operations from being a development financial institution that solely provided project finance to becoming a diversified provider of financial services that, in conjunction with group companies and its subsidiaries, provided a broad range of goods and services. ICICI profited from India’s economy’s growing market orientation and integration with the global economy.
ICICI BANK Share Price Target
With an average goal of 1477.73, ICICI Bank Ltd. The consensus estimate indicates a 17.27% increase from the previous price of 1260.10. The current rating is Buy, and the trend of analyst recommendations is displayed in their respective ratings. The target median price is ₹1495.0, which is 18.8% more than the going rate. Among expert projections, ₹1290.0 is the lowest predicted price.
₹1670.0 is the highest goal price according to analyst forecasts. The share price of ICICI Bank has already risen by 0.80% today, to ₹1258.45. Investor sentiment regarding the bank’s performance and the state of the market are reflected in this fluctuation. Recently, ICICI Bank has declared that it will continue to hold the majority of ICICI Prudential Asset Management Company, even if joint venture partner Prudential Plc intends to public and sell off a portion of its ownership.
ICICI BANK Share Price & Market Valuation
ICICI Bank Ltd. has a market valuation of ₹ 888815.14 Crores. It reported a net profit of ₹ 11792.42 Cr. and revenues of ₹ 41299.82 crores for the quarter that ended in December 2018. Conversely, its rivals, such as Axis Bank, State Bank of India, Kotak Mahindra Bank, and HDFC Bank, are seeing decreases. At the same time, the main indices, the Sensex and the Nifty, have fallen 0.26% and 0.44%, respectively.
Conclusion
Due to contractor problems, ICICI Bank is handling ATM outages and recommending that clients utilize other branches or ATMs while switching to different service providers at the moment. This might also have an impact on the ICICI Bank share price if the problem continues. Therefore, it is advised that, in the upcoming days and weeks, investors should keep a close eye on ICICI Bank’s stock price to see how it responds to the news.
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