ICICI Bank Share Jumps 1% to ₹1,421; Hits 52-Week High in Early Trade Ahead of Q4 Results
ICICI Bank share gained over 1% to scale a fresh 52-week high at ₹1,436. Investors eye strong Q4 earnings and margin outlook.
Key Highlights:
ICICI Bank Share Hits ₹1,436 in Early Trade, Gains 1% on Earnings Optimism
ICICI Bank Share opened on a strong note this morning, climbing ₹14.70 or 1.05% to quote at ₹1,421.40 as of 9:24 AM IST. The stock touched an intraday high and fresh 52-week high of ₹1,436, driven by investor optimism ahead of its Q4 FY24 results.
The private banking major is widely expected to report a healthy uptick in net interest income and stable asset quality.
Strong Opening Driven by Institutional Buying
ICICI Bank opened at ₹1,436 — a fresh breakout level — reflecting bullish sentiment among both institutional and retail investors.
Drivers of today’s move:
- Anticipation of double-digit loan growth in Q4
- Rising net interest margins (NIMs) supported by higher yields
- Robust CASA base and digital traction
- Positive commentary from recent management interactions
ICICI Bank Stock Snapshot – April 21
| Parameter | Value |
|---|---|
| Current Price | ₹1,421.40 |
| Day’s High | ₹1,436.00 |
| Day’s Low | ₹1,420.00 |
| Previous Close | ₹1,406.70 |
| 52-Week High | ₹1,436.00 |
| 52-Week Low | ₹1,051.05 |
| Market Cap | ₹10.13 Lakh Cr |
| P/E Ratio | 20.68 |
| Dividend Yield | 0.70% |
ICICI Bank vs Peers: Early Market Action
| Bank | Price (₹) | Change (%) |
|---|---|---|
| ICICI Bank | 1,421.40 | +1.05% |
| HDFC Bank | 1,564.20 | +0.38% |
| Axis Bank | 1,134.75 | +0.42% |
| Kotak Bank | 1,741.10 | +0.25% |
| SBI | 767.30 | +0.12% |
ICICI Bank outperformed peers in early trade, emerging as the top private lender in terms of intraday gains.
Technical View: Can ICICI Sustain the Breakout?
| Level Type | Price (₹) |
|---|---|
| Immediate Support | 1,415 |
| Strong Support | 1,400 |
| Resistance Zone | 1,436 / 1,450 |
| Breakout Target | 1,475 |
A close above ₹1,436 on volume will confirm a bullish breakout, setting the stage for potential upside toward ₹1,475 in the coming sessions.
Analyst Expectations from Q4 Earnings
Brokerages remain upbeat on ICICI Bank’s financials:
- Nomura: “Expect 17% YoY PAT growth. Retain Buy with TP ₹1,550.”
- ICICI Securities: “Well-positioned in digital lending. Margins to remain resilient.”
- Macquarie: “Best-in-class RoA and asset quality. Among top picks in private banks.”
Final Word on ICICI Bank Share Today
ICICI Bank share surged to new highs in early trade, backed by pre-result optimism and strong technical structure. With expectations of solid Q4 numbers and improving loan growth outlook, the stock may continue to see upward traction. Investors should monitor ₹1,436 as the key breakout level.
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