Overview:

• ICICI Bank share price rose 0.91% to Rs. 1,370.10, supported by strong volumes and consistent demand throughout the session.
  

• The bank plans to raise Rs. 7,500 crore, starting with a 15-year Tier-II bond issue at a coupon rate of 7.45%.
  

• Analyst sentiment remains overwhelmingly positive, with 74% recommending a Buy and none advising a Sell.

ICICI Bank share price was on an uptrend at press time, reflecting renewed confidence among investors ahead of its major bond issuance. The stock was trading at Rs. 1,370.10 at the time of writing. It was up by 0.91% from the previous close of Rs. 1,357.80. ICICI Bank shares opened the day with a trading price of Rs. 1,360. Here’s how the stock performed based on Moneycontrol data. 

Current Market Performance

ICICI Bank stock saw a trading volume of 4,295,687 shares, amounting to a total turnover of Rs. 58,855.21 lakh. The VWAP of Rs. 1,366.83 suggests robust demand throughout the trading hours, with investors consistently accumulating the stock around higher price bands.
ICICI Bank share price chart on TradingView shows gains of 1.02%:

The company’s current market capitalization stands at a staggering Rs. 9.79 lakh crore, reaffirming its position as one of India’s leading banks. With a 52-week high of Rs. 1,500 and a 52-week low of Rs. 1,186, the stock remains comfortably positioned near the upper end of its yearly range, underlining sustained long-term strength.

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Valuations and Financial Indicators Remain Healthy

Key valuation metrics also support the bank’s strong market standing. The stock is trading at a TTM EPS of Rs. 74.57, reflecting an 8.52% year-on-year growth, highlighting efficient earnings performance. With a Price to Earnings ratio of 18.37, ICICI Bank is slightly below the industry average (20.52). This indicates potential for further price appreciation, while still maintaining a fairly valued stock price.

The Price to Book ratio of 3.15 for ICICI Bank share price is consistent with the industry average and demonstrates that the bank is properly valued in relation to its book value of Rs. 436.26/share. Moreover, the bank has a 0.80% dividend yield that appeals to both growth investors and income investors. ICICI Bank shares have a beta of 0.88 (indicating lower volatility than the greater market), which makes it attractive during periods of market uncertainty.

Analyst Sentiments

Market experts on Moneycontrol remain highly optimistic about ICICI Bank stock’s prospects. Based on feedback from 39 analysts, a significant 74% recommend a Buy, while 21% rate it as Outperform. Only a minimal percentage suggests holding the stock, and none advise selling, which reflects widespread confidence in the bank’s future performance.

Technical indicators also point to sustained momentum. Classic pivot charts place the stock’s immediate resistance at Rs. 1,371.70, with further barriers at Rs. 1,385.60 and Rs. 1,394.30. The primary support lies around Rs. 1,349.10, suggesting a stable floor for near-term price action.

Bond Market Plans Add to the Positive Outlook

A significant development shaping investor sentiment is ICICI Bank’s decision to tap the bond market this week. The bank is preparing to raise Rs. 7,500 crore, starting with a Rs. 4,000 crore issuance through 15-year Tier-II bonds scheduled for November 27. This includes a base issue of Rs. 1,000 crore and a green shoe option of Rs. 3,000 crore, carrying a coupon rate of 7.45%.

Such capital-raising initiatives reinforce the bank’s commitment to strengthening its balance sheet and supporting long-term growth plans. The move is expected to enhance capital adequacy and enable the bank to pursue expansion opportunities in lending and digital banking.

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Investor Outlook

ICICI Bank share price remains well-positioned for continued upward movement. It is backed by strong financial indicators, solid market participation, and positive analyst sentiment,. The upcoming bond issuance and steady earnings growth further enhance its long-term investment appeal, making it a stock to watch closely in the coming sessions.

FAQs

1.  What caused the rise in ICICI Bank's stock price today?

The increase in ICICI Bank shares can be attributed to growing expectations from customers for future sales growth due to continued positive public sentiment about the bank, an increase in trading volume, and a very positive outlook from both investors and consumers as measured by increased stock purchases. Additionally, the imminent issuance of Rs. 7,500 crore in bank-issued bonds has introduced more optimism in the market regarding the strength of ICICI Bank and as a method to increase their overall capital base, which is typically considered beneficial to a bank’s continued growth over time.

2.  Is the current valuation on ICICI Bank shares fair?

Based on the current valuation of ICICI Bank, using metrics such as TTM P/E ratio of 18.37 (which is slightly below the industry's average of 20.52), it would appear that ICICI Bank's shares are fairly valued. Together with strong EPS growth, a solid balance sheet, and increased public sentiment about the bank, the current trading price reflects stability and the potential for upward appreciation in price.

3.  What does the bond issue mean to investors?

The Rs. 7,500 crore bond issue, which consists of a Rs. 4,000 crore Tier-II tranche paying a rate of 7.45%, indicates a commitment on the part of ICICI Bank to increase its capital adequacy. For investors, this generally means an increase in the ability of ICICI Bank to lend to customers, an increase in the stability of ICICI Bank’s balance sheet, and ultimately an increase in the long-term stability of ICICI Bank, which will be supportive of earnings and will promote continued stock outperformance.

4. Could ICICI Bank be a good investment for the long term?

Overall, ICICI Bank has solid fundamentals, continuous earnings growth, and improving asset quality and continues to be a leading performer in the banking sector. Analysts overwhelmingly believe that ICICI Bank has excellent long-term prospects, which have been confirmed by a conservative capital expansion strategy and diversified growth strategy.

5. What levels should traders focus on in the short term?

Traders should look to watch for resistance at Rs. 1,372 and Rs. 1,385 in the near term and look for immediate support levels around Rs. 1,349. These levels are indicative of short-term trader sentiment as indicated by pivot charts. Continued volume above resistance levels could indicate breakout potential, while robust support levels may further support bullish momentum.