ICICI Bank Ltd stock Long

ICICI Bank Ltd. is a leading private-sector bank in India, offering a wide range of banking and financial services. Here's a comprehensive analysis of its stock performance and financial health:

**Stock Performance:**

- **Current Price:** As of February 17, 2025, ICICI Bank's share price is ₹1,260.10. citeturn0search7

- **52-Week Range:** The stock has traded between ₹1,023.35 and ₹1,362.35 over the past year, indicating significant volatility. citeturn0search7

- **Recent Performance:** Over the last six months, the share price has increased by 7.85%, and over the past year, it has risen by 23.56%. citeturn0search7

**Financial Highlights:**

- **Earnings Per Share (EPS):** In the quarter ending January 25, 2025, ICICI Bank reported an EPS of $0.387, surpassing the consensus estimate of $0.379. citeturn0search6

- **Net Interest Income (NII):** The bank has experienced a 9% increase in NII, reflecting robust growth in its core lending operations. citeturn0search1

- **Profit After Tax (PAT):** There has been a 15% rise in PAT, indicating improved profitability. citeturn0search1

**Valuation Metrics:**

- **Price-to-Earnings (P/E) Ratio:** ICICI Bank's P/E ratio stands at 17.70, suggesting the stock is trading at a reasonable multiple relative to its earnings. citeturn0search2

- **Price-to-Book (P/B) Ratio:** The P/B ratio is 3.31, indicating the stock is valued at over three times its book value. citeturn0search2

- **Return on Equity (ROE):** The bank's ROE is 17.49%, reflecting efficient use of shareholders' equity to generate profits. citeturn0search2

**Dividend Information:**

- **Dividend Yield:** ICICI Bank offers an annual dividend of $0.202, translating to a yield of approximately 0.7%. citeturn0search6

**Institutional Ownership:**

- **Ownership Structure:** Approximately 75.21% of ICICI Bank's shares are held by institutional investors, indicating strong institutional confidence in the bank's prospects. citeturn0search5

**Analyst Insights:**

- **Analyst Consensus:** The stock holds a "Moderate Buy" rating, with an average price target of $35.50, suggesting a potential upside of 21.74%. citeturn0search6

- **Smart Score:** ICICI Bank has a Smart Score of 8, indicating it is expected to outperform the market. citeturn0search6

**Recent Developments:**

- **Relative Strength Rating:** The bank's ADRs received an upgrade in their Relative Strength Rating from 70 to 75, reflecting improved stock performance relative to peers. citeturn0news13

**Conclusion:**

ICICI Bank demonstrates strong financial performance, with significant growth in earnings and net interest income. The stock is trading at reasonable valuation multiples, supported by robust institutional ownership and favorable analyst ratings. Investors should consider these factors when evaluating ICICI Bank as a potential investment.