ICICI Bank (IBN) Stock Analysis & Forecast

Nov 4 close

$31.26+1.13 (+3.8%)

Gekko Brief

AI summaryNov 4 close

ICICI Bank shares rallied this week alongside the broader Nifty Private Bank index, which gained 2% as HDFC Bank, ICICI Bank and Axis Bank each rallied 7% over five trading days. The move came with a flurry of positive analyst attention: Kotak Neo named ICICI Bank its top "Muhurat" pick for Samvat 2083 with a price target of Rs 1,800, representing a 26% upside, Jefferies listed the bank among its top largecap banking picks, and Bajaj Broking included it among its Diwali 2026 recommendations. A separate commentary segment tagged the stock a "Hold" on bullish technical setup.

The stock closed at $31.26, up 3.8%, sitting above both its 50-day ($28.94) and 200-day ($28.51) moving averages, with the 50-day above the 200-day. It trades near its 52-week high of $31.78 and has returned 11.6% over one month and 16.9% over six months. The GekkoIndex reading of 43.6 places it in the Distribution zone, down 13 points recently, while price sits 3.7% below Gekko Fair Value of $32.45.

The next earnings date falls on 15 January 2027, 71 days out and beyond a typical 20-trading-day holding window. No insider, Congress, or unusual options activity appears in the recent windows. Seasonality from this point in the calendar has averaged a 0.3% return over the next 20 trading days across 5 years, rising in 4 of them. Consensus analyst coverage, from one firm, carries a buy rating with a target of $37.75, implying 20.8% upside.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

ICICI Bank price vs fair value

$32.45$31.26Nov ’25May ’26Nov ’26
Close $31.26200-day averageGekko Fair Value $32.45

ICICI Bank quick facts

Market cap
$112.2B
P/E ratio
17.1
Forward P/E
16.9
EPS, TTM
$1.76
Revenue, TTM
$2.12T
Profit margin
27.8%
Dividend yield
—
Beta
0.19
Volume
7.56M avg 5.81M
1-year return
+2.6%
Typical daily move
±2.2%
Typical 20-day move
±3.9%
50-day average
$28.94
200-day average
$28.51
Next earnings
Jan 15 before open
Shares outstanding
3.59B
52-week range
$25.08$31.78

ICICI Bank swing-trade checklist

ICICI Bank scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed1 headwind

  • Trendsupportive

    Above 50 and 200-day

    Close $31.26 is above the 50-day ($28.94) and 200-day ($28.51) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexheadwind

    43.6, Distribution

    Reading 43.6 is in the Distribution zone.

    See the GekkoIndex
  • Fair valuemixed

    3.7% below

    Price is within 5% of Gekko Fair Value (3.7% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 71 days

    Next report Jan 15, 2027, 71 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +0.3% on average

    From this point in the calendar, the next 20 trading days averaged +0.3% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

ICICI Bank stock chart and price history

ICICI Bank closed at $31.26 on Nov 4, 2026, +2.6% over the past year, inside a 52-week range of $25.08 to $31.78.

Close50-day average200-day averageVolume
ICICI Bank share price, past year, with 50-day and 200-day moving averages and volume$26$28$30$32DecJan 2026FebMarAprMayJunJulAugSepOct31.26

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+11.6%
3 months
+2.6%
6 months
+16.9%
1 year
+2.6%
The full IBN chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open IBN in Gekko

Follow ICICI Bank through every session

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About ICICI Bank

ICICI Bank operates as a full-service banking group, offering deposits, loans, cards, investment products and insurance to individual customers and companies alike. It is recognized for the breadth of this offering, which stretches from everyday savings and current accounts to home, vehicle, personal and business financing, credit and debit cards, and a digital wallet called Pockets.

The bank organizes its work around retail banking, wholesale banking, treasury activity, life insurance and other smaller lines. Retail customers can access mortgages, gold and personal loans, farm and rural finance, wealth management, demat accounts and NRI banking, while corporate and institutional clients draw on working capital and term loans, trade finance, foreign exchange, cash management, custodial services and investment banking. It also distributes general and life insurance and offers portfolio management, locker facilities and IPO access, serving customers across India and in international markets.

Its shares trade on the exchange indicated by the ticker IBN.

Sector
Finance
Website
icici.bank.in

ICICI Bank GekkoIndex: the smart money zone

ICICI Bank’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 43.6, in the Distribution zone, down 13 points over five sessions.

010043.6Distribution

Down 13 points over five sessions, from the Neutral zone.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying34−0.3%+0.5%+2.5%−0.5%
Accumulation227+0.7%+1.5%+2.1%+3.2%
Neutral363−0.1%−0.3%−0.7%−0.3%
Distribution (current zone)26−1.0%−2.1%+0.4%+2.4%
Selling0Not available

Average IBN share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Distribution readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.

Distribution zone: Institutions potentially offloading. About the five zones →

See every daily GekkoIndex reading plotted over the IBN price, zone by zone.Track IBN in Gekko

Is ICICI Bank stock overvalued? Gekko Fair Value

ICICI Bank trades 3.7% below Gekko Fair Value of $32.45, so the shares are about fair value on Gekko’s estimate.

Gekko’s own estimate of what ICICI Bank shares are worth, recalculated every trading day.

$32.45

Gekko Fair Value, Nov 4, 2026

3.7% below fair value · About fair value

At the end of Aug 2026 the price was 9.8% below the estimate.

Gekko Fair ValueShare price, month end
$32$30Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open IBN in Gekko

ICICI Bank insider and Congress trading

No open-market insider purchases were filed for ICICI Bank, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for IBN in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every IBN insider filing, plotted on the chart in Gekko.Open IBN in Gekko

Congress trades last 90 days

No trades in IBN were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for IBN, plotted on the chart in Gekko.Open IBN in Gekko

ICICI Bank earnings: next date and track record

ICICI Bank reports on Jan 15, 2027, before the open (71 days away), and beat the EPS estimate in 7 of its last 8 reports.

7 of 8reports beat the EPS estimate
±2.2%average move across the report
5 of 8reports followed by a gain

Share-price move across each report

+0.1%Jul ’24+5.7%Oct ’24+2.6%Jan ’25+0.9%Apr ’25+3.0%Jul ’25−0.4%Oct ’25−4.4%Jan ’26−0.5%Apr ’26

Last earnings call, Apr 20, 2026 AI summary

What they said
ICICI Bank reported a solid quarter and full-year performance for Q4 FY26/FY26. Management highlighted profit before tax (excluding treasury) growth of 10.1% YoY to INR 182.09 billion in the quarter and 7.1% YoY to INR 650.21 billion for FY26. Core operating profit rose 5.1% YoY to INR 183.05 billion in the quarter and 7.7% YoY to INR 704.01 billion for the year. Profit after tax grew 8.5% YoY to INR 137.02 billion in the quarter and 6.2% YoY to INR 501.47 billion for FY26; consolidated PAT was INR 147.55 billion in Q4 (up 9% YoY) and INR 542.08 billion for FY26 (up 6.2% YoY). The Board recommended a dividend of INR 12 per share. Balance sheet trends included loans (including international branches) up 15.8% YoY and 6% sequentially; retail loans up 9.5% YoY; total deposits up 11.4% YoY; average CASA and LCR (~126% for the quarter) were strong. Credit quality showed improvement: gross NPA additions were lower versus prior year and recoveries/write-backs were meaningful, resulting in low provisioning (annualized credit cost ~38 bps; management referenced an underlying sub-50 bps run-rate adjusted for one-offs). Management emphasized a 360-degree customer focus, disciplined risk calibration, and operating within governance and liquidity buffers. Key business notes: home loans and some retail segments saw pickup in disbursements; credit card portfolio contracted modestly; treasury saw a small net loss (~INR 1.06 billion) after mark-to-market related to FX/swaps; priority-sector provisioning treatment is being worked through and remains under review.
Guidance
No explicit numerical FY27 top-line or loan growth guidance was given. Management reiterated: - Underlying credit cost guidance: management referenced an expectation/sub-50-basis-point run-rate (annual basis) after adjusting one-offs. - Margins expected to be range-bound (no large upward move expected). - Liquidity: comfortable with LCR ~125% and deposit flows sufficient to support loan growth. - OpEx: management’s objective is to keep operating expense growth below top-line growth; no explicit OpEx numbers provided. Otherwise, management declined to provide firm growth forecasts and will calibrate risk acceptance given evolving macro/geopolitical uncertainty.
Risks flagged
Risks and headwinds discussed on the call include: - Geopolitical uncertainty (conflict in West Asia) creating short-term demand and supply uncertainty. - RBI foreign currency/FX regulations impacted treasury (net treasury loss ~INR 1.06 billion). - Priority sector provisioning and classification work (ongoing; provisions being held until resolution). - Government SA balances/outflows and deposit market share volatility (government SA share in SA is 'low-teens'). - Residual deposit repricing and margin pressure (management expects margins to be range-bound). - Slower card revolvers and contracting credit card book which may pressure card fees/profitability. - Monitoring of business banking and sectoral pockets that may face stress.
ReportedEPSSurpriseRevenueSurpriseMove
Apr 20, 2026$0.41
est $0.40
+2.3%$3.25B
est $3.27B
−0.5%−0.5%
Jan 17, 2026$0.35
est $0.38
−7.9%$3.22B
est $3.34B
−3.4%−4.4%
Oct 25, 2025$0.39
est $0.36
+7.7%$8.58B
est $3.41B
+151.6%−0.4%
Jul 19, 2025$0.43
est $0.40
+7.5%$8.71B
est $3.38B
+157.7%+3.0%
Apr 19, 2025$0.41
est $0.37
+10.8%$9.32B
est $3.28B
+183.9%+0.9%
Jan 24, 2025$0.38
est $0.35
+8.6%$8.72B
est $3.26B
+167.7%+2.6%
Oct 26, 2024$0.39
est $0.35
+11.4%$8.71B
est $2.92B
+198.0%+5.7%
Jul 27, 2024$0.39
est $0.34
+14.7%$8.07B
est $3.01B
+168.3%+0.1%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

ICICI Bank stock forecast and analyst price targets

Analysts’ average 12-month price target for ICICI Bank is $37.75, +20.8% from the last close, from 1 firm rating the stock in the last 90 days.

$37.75consensus 12-month target, +20.8% from the last close
Buy1
Hold0
Sell0

Each firm’s latest rating in the last 90 days: 1 firm.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 19Bank of America SecuritiesBuy, maintained——
+0.4%average 20-day move after past Distribution readings
+0.3%average move over the next 20 trading days in the last 5 years
±2.2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

ICICI Bank seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, ICICI Bank averaged +0.3% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

−10.2%2021+1.9%2022+6.7%2023+2.4%2024+1.0%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+0.3%3 of 5
Next 10 trading days−0.1%2 of 5
Next 15 trading days−0.8%3 of 5
Next 20 trading days+0.3%4 of 5
Next 30 trading days−0.6%2 of 5

For scale, IBN’s typical 20-trading-day move in either direction is about 3.9%.

ICICI Bank market cap and key statistics

ICICI Bank’s market cap is $112.2B, with a P/E ratio of 17.1 and revenue of $2.12T over the last twelve months.

Valuation

Market cap
$112.2B
P/E ratio
17.1
Forward P/E
16.9
EPS, TTM
$1.76
Gekko Fair Value
$32.45

Trading

Volume
7.56M
Avg volume, 20 days
5.81M
52-week high
$31.78
52-week low
$25.08
Shares outstanding
3.59B

Financials

Revenue, TTM
$2.12T
Profit margin
27.8%
Return on equity
16.5%
Quarterly earnings growth, YoY
+22.1%

Risk and income

Beta
0.19
Typical daily move
±2.2%
Typical 20-day move
±3.9%

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ICICI Bank stock FAQ

What is ICICI Bank’s market cap?

ICICI Bank’s market cap is $112.2B at the Nov 4, 2026 close of $31.26, with 3.59B shares outstanding. The shares trade on a P/E ratio of 17.1.

What is the ICICI Bank stock forecast?

The consensus analyst 12-month price target for ICICI Bank is $37.75, +20.8% from the last close. Of the 1 firm that rated the stock in the last 90 days, 1 rate it a buy, 0 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is ICICI Bank stock overvalued or undervalued?

On Gekko’s estimate ICICI Bank is about fair value: the Nov 4, 2026 close of $31.26 is 3.7% below Gekko Fair Value of $32.45. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does ICICI Bank report earnings next?

ICICI Bank is expected to report on Jan 15, 2027, before the market opens (71 days away). Analysts expect earnings of $0.43 per share on revenue of $3.66B. ICICI Bank beat the earnings estimate in 7 of its last 8 reports, moving 2.2% on average across the report.

What is ICICI Bank’s 52-week high and low?

ICICI Bank’s 52-week high is $31.78 and its 52-week low is $25.08; it closed at $31.26 on Nov 4, 2026, +2.6% over the past year. Over the last five years the shares peaked at $34.57 on Jul 21, 2025.

Is ICICI Bank stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (trend, earnings risk and seasonality), 1 as mixed (fair value) and 1 as a headwind (gekkoindex). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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