ICICI Bank (IBN) Stock Analysis & Forecast

ICICI Bank Limited. Finance sector. Market cap $100.7B.

$28.15−0.03 (−0.1%)

Close on Sep 18, 2026. Page updated Sep 19, 9:15 pm ET.

Gekko Brief

AI summary

ICICI Bank trades at $28.15, down 0.1%, sitting between its 50-day average of $29.67 and 200-day average of $28.79. The GekkoIndex reads 66.4, placing the stock in the Accumulation zone, up 3.6 over the past five readings. Price sits 12.9% below Gekko Fair Value of $32.33. Returns over the past month stand at -4.4%, three months at 0.8%, six months at 4.8%, and one year at -13.7%, against a 52-week range of $25.08 to $33.03.

This week's news centers on investor outreach and regional banking activity rather than earnings or guidance. ICICI Bank has scheduled investor meetings for late September, including conferences hosted by Anand Rathi, CITIC CLSA, and Citi. Separately, ICICI Bank and HSBC were named the largest foreign exchange lenders to India's diaspora in GIFT City, disbursing a combined $19.3 billion under a central bank swap program. ICICI Prudential AMC also received Reserve Bank of India clearance to acquire up to 9.95% stakes in CSB Bank, DCB Bank, AU Small Finance Bank, and Kotak Mahindra Bank, to be completed within one year. Domestic share moves were mixed, with the stock closing at 1,359.00 and 1,379.15 rupees on different sessions, both below its 52-week high of 1,479.90 rupees set on 20 July.

Earnings are set for 16 October, 26 days out, falling inside a typical 20-trading-day holding window; the prior quarter produced a 0.41 EPS actual against a 0.40 estimate with a -0.5% reaction, and the bank has beaten estimates in 7 of the last 8 quarters. Seasonality over the past 5 years shows a -1.1% average move across the next 20 trading days, rising in 2 of those years. One tracked firm maintains a buy rating with a consensus target of $36.33.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $28.15200-day averageGekko Fair Value $32.33

Key stats

Market cap
$100.7B
P/E ratio
17.5
Forward P/E
16.7
EPS, TTM
$1.61
Revenue, TTM
$2.04T
Profit margin
27.5%
Dividend yield
Beta
0.26
Volume
3.39M avg 4.65M
1-year return
−13.7%
Typical daily move
±1.9%
Typical 20-day move
±3.7%
50-day average
$29.67
200-day average
$28.79
Next earnings
Oct 16 before open
Shares outstanding
3.59B
52-week range
$25.08$33.03

ICICI Bank swing-trade checklist

ICICI Bank scores 2 supportive, 1 mixed and 2 headwinds across the 5 checklist items with data.

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

2 supportive1 mixed2 headwinds

  • Trendmixed

    Averages disagree

    Close $28.15 sits between the 50-day ($29.67) and 200-day ($28.79) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    66.4, Accumulation

    Reading 66.4 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    12.9% below

    Price is 12.9% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

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

    See smart money
  • Earnings riskheadwind

    Reports in 26 days

    Reports on Oct 16, 2026, 26 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −1.1% on average

    From this point in the calendar, the next 20 trading days averaged −1.1% over 5 years, rising in 2 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 $28.15 on Sep 18, 2026, −13.7% over the past year, inside a 52-week range of $25.08 to $33.03.

Close50-day average200-day averageVolume

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

Performance Breakdown

1 month
−4.4%
3 months
+0.8%
6 months
+4.8%
1 year
−13.7%
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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 66.4, in the Accumulation zone, up 3.6 points over five sessions.

010066.4Accumulation

Up 3.6 points over five sessions.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying31−0.5%+0.2%+2.2%−0.5%
Accumulation (current zone)206+0.7%+1.6%+2.2%+3.2%
Neutral352−0.1%−0.2%−0.5%+0.1%
Distribution26−1.0%−2.1%+0.4%+3.1%
Selling0Not available

Average IBN share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. 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 12.9% below Gekko Fair Value of $32.33, so the shares are undervalued on Gekko’s estimate.

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

$32.33

Gekko Fair Value, Sep 19, 2026

12.9% Undervalued

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 Oct 16, 2026, before the open (26 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 $36.33, +29.1% from the last close, from 1 firm rating the stock in the last 90 days.

$36.33consensus 12-month target, +29.1% from the last close
Buy1
Hold0
Sell0

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

Latest analyst actions

DateFirmRatingTargetvs price
Jul 20Bank of America SecuritiesBuy, maintained
+2.2%average 20-day move after past Accumulation readings
−1.1%average move over the next 20 trading days in the last 5 years
±1.9%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 Sep 19, ICICI Bank averaged −1.1% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

+3.7%2021−4.8%2022−4.6%2023−6.2%2024+3.0%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−2.1%2 of 5
Next 10 trading days−4.4%0 of 5
Next 15 trading days−3.9%0 of 5
Next 20 trading days−1.1%2 of 5
Next 30 trading days−0.4%2 of 5

For scale, IBN’s typical 20-trading-day move in either direction is about 3.7%.

ICICI Bank market cap and key statistics

ICICI Bank’s market cap is $100.7B, with a P/E ratio of 17.5 and revenue of $2.04T over the last twelve months.

Valuation

Market cap
$100.7B
P/E ratio
17.5
Forward P/E
16.7
EPS, TTM
$1.61
Gekko Fair Value
$32.33

Trading

Volume
3.39M
Avg volume, 20 days
4.65M
52-week high
$33.03
52-week low
$25.08
Shares outstanding
3.59B

Financials

Revenue, TTM
$2.04T
Profit margin
27.5%
Return on equity
16.1%
Quarterly earnings growth, YoY
+13.8%

Risk and income

Beta
0.26
Typical daily move
±1.9%
Typical 20-day move
±3.7%

ICICI Bank stock news this week

Coverage of ICICI Bank this week reads positive: 4 positive, 0 neutral and 1 negative headlines.

News sentiment positive

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Reporting earnings this week

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ICICI Bank stock FAQ

What is ICICI Bank’s market cap?

ICICI Bank’s market cap is $100.7B at the Sep 18, 2026 close of $28.15, with 3.59B shares outstanding. The shares trade on a P/E ratio of 17.5.

What is the ICICI Bank stock forecast?

The consensus analyst 12-month price target for ICICI Bank is $36.33, +29.1% 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 undervalued: the Sep 18, 2026 close of $28.15 is 12.9% below Gekko Fair Value of $32.33. 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 Oct 16, 2026, before the market opens (26 days away). Analysts expect earnings of $0.40 per share on revenue of $3.52B. 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 $33.03 and its 52-week low is $25.08; it closed at $28.15 on Sep 18, 2026, −13.7% over the past year.

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, 2 of the 5 items with data read as supportive (gekkoindex and fair value), 1 as mixed (trend) and 2 as headwinds (earnings risk and seasonality). The checklist is a description of current data, not a recommendation.

How this page works

Prices and signals update after every 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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