If you’re considering investing in ICICI Bank, one of India’s top banks then you’ve come to the right place. In this blog post, we’ll cover all the aspects related to the ICICI Bank Share Price. We’ll delve into why it is important to invest in ICICI Bank shares and discuss strategies that can help investors maximize their returns when it comes to share prices. Additionally, we’ll explore how broader economic trends might impact the bank’s stock performance over time. Finally, we will provide some tips, for mitigating investment risks associated with holding positions in such an organization.
ICICI Bank Share Price Graph
About the Company
Incorporated in 1994, ICICI Bank Limited was one of the first few private banks which started operations in India after the Government of India came up with the policy to allow private banks to start banking business in India. It was the first such step taken by the Government of India after the nationalization of private banks took place after independence.
ICICI Bank was promoted by ICICI Ltd. ICICI was formed in 1955 with the joint initiative of the World Bank, the Government of India and representatives from Indian industry. However, ICICI functioned separately till 2001. In 2002, the management merged ICICI Bank, ICICI and two of its subsidiaries ICICI Capital Services Limited and ICICI Personal Finance Services Limited into a single entity, the ICICI Bank Limited for ease of doing business. This amalgamation brought benefits to ICICI Bank and integrated the whole financing and banking business into a single entity.
The bank has been running efficiently since then and became one of the leading private banks in India. Now, in India, it is the second-largest private bank. Today, the bank’s management views the banking business to provide solidity and reliability to support its consumers and thrives due to excellence in banking service. Today in order to remain on top it has adopted best industry practices that are at par with the best of international standards.
ICICI Bank has 2535 branches across India joined to a network of 6810 ATMs. It also has a global presence serving people and business houses in 19 countries.
ICICI Bank is listed in NSE and BSE in India.and in NYSE through ADRs.
ICICI Bank’s Services
- Retail/ Personal Banking
- Corporate Banking
- NRI Banking
- E-commerce
- Priority Banking
- VBV/ MSC – Online transactions using a Debit Card
- VBV – Online transactions using Credit Card
Company Financials for Analyzing ICICI Bank Share Price
The closing share price of ICICI Bank on 02 November 2018 is Rs 354.45 in NSE. We can calculate the earning per share or EPS is Rs 5.38 over the past 12 months’ performance. The price-over-earning ratio or P/E ratio is 65.88. The book value per share or BV is Rs Rs 200.25. The price over book value or P/BV is 1.77. The dividend yield is 0.64%. The 52 weeks high price is Rs 365.70 and 52 weeks low price is Rs 256.50.
After the end of the second quarter of 2018 fiscal which ended on 30 June 2018, ICICI Bank reported a standalone interest income of Rs 11310.56 crores. This increased by 4.27% from the previous quarter’s interest income of Rs 10846.94 crores. It also increased by 6.85% from the same quarter of the previous fiscal which was Rs 10585.33 crores. ICICI Bank reported a net profit after tax of Rs 1470.92 crores in this quarter.
Company Summary
ICICI Bank is a leading private bank in India. The present market cap is Rs 228022.54 crores. It is a large-cap private bank.
ICICI Bank Limited earns its revenue largely from banking, sales of financial products and services. Recent audited data for the financial year ending on 31 March 2018, shows ICICI Bank has earned Rs 40866.21 crores from accrued interest and discounts on advances and bills which amounts to 74.34% of total sales value. In addition, income from Investment is Rs 11568.17 crores contributing to 21.04% of total sales. In addition, interest accrued from balances with RBI and other inter-bank funds is Rs 1868.14 crores which amounts to 3.39% of total sales and interests accrued from other sources is Rs 663.38 crores (1.20% of total sales value).
Shareholding Pattern
The ICICI Bank share price shareholding pattern of ICICI Bank currently has different shareholders in the manner mentioned below.
- The foreign institutions or FIIs hold 2,187,850,315 nos of shares amounting to 34.00% of total shares.
- 1,600,459,545 nos of shares which are equivalent to 24.87% of total shares are subscribed to the GDR.
- The non-banking financial institutions or NBFCs and mutual funds together hold another 1,203,731,452 nos of shares (18.71%).
- Financial institutions hold 923,251,405 nos of shares amounting to 14.35% of total shares.
- The general public holds 343,173,029 nos of shares which is equivalent to 5.33% of total shares.
- Others hold 164,092,088 nos or shares or 2.55% of total shares.
- In addition, the Central Government holds a total number of 12,574,225 nos, i.e. 0.20% of the total nos of shares.
Shares Held by Different Mutual Fund Companies
- SBI mutual fund in the scheme ETF Nifty 50-D which is a large-cap fund holds 58843625 nos of shares equivalent to Rs 1797.97 crores.
- HDFC mutual fund in the scheme Equity Direct-G which is an equity multi-cap fund holds a total of 61043189 nos of shares equivalent to Rs 1865.17 crores.
- ICICI Prudential mutual fund in the scheme Equity & Debt Fund Direct-Growth, a hybrid aggressive hybrid equity fund holds 43506500 nos of shares equivalent to Rs 1329.34 crores.
- DSP mutual fund in the scheme Equity Opportunities Direct Plan-Growth which is a large u0026amp; mid-cap fund holds 14614043 nos of shares amounting to Rs 446.53 crores.
Final Thoughts about ICICI Bank Share Price
The ICICI Bank share price has been on a roller coaster in the past decade. While its low points have been hard hit, it also had excellent highs that rewarded investors for being patient and staying with the stock during bear markets. As the Indian economy recovers from COVID-19, investors who have faith in India’s banking sector could do well to take advantage of any potential dips and buy into the ICICI Bank stock at discounted prices. With stability coming back to share markets across sectors, now is as good a time as ever to consider adding shares of ICICI Bank Ltd. to your investment portfolio.