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ICICI Bank Limited (IBN) – Don’t Be So Quick to Call it Dead

ICICI Bank Limited (NYSE: IBN) is 12.53% higher on its value in year-to-date trading and has touched a low of $16.36 and a high of $23.49 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The IBN stock was last observed hovering at around $22.56 in the last trading session, with the day’s loss setting it -0.29%.

Currently trading at $22.27, the stock is -0.70% and 3.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.86 million and changing -1.29% at the moment leaves the stock 12.22% off its SMA200. IBN registered 15.87% gain for a year compared to 6-month gain of 22.97%.

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The stock witnessed a 2.67% loss in the last 1 month and extending the period to 3 months gives it a 24.41%, and is -3.88% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.73% over the week and 1.51% over the month.

ICICI Bank Limited (IBN) has around 103010 employees, a market worth around $78.83B and $12.39B in sales. Current P/E ratio is 22.70 and Fwd P/E is 17.75. Profit margin for the company is 28.00%. Distance from 52-week low is 36.12% and -5.17% from its 52-week high. The company has generated returns on investments over the last 12 months (11.50%).

ICICI Bank Limited (IBN) Analyst Forecasts

ICICI Bank Limited is expected to release its quarterly report on 10/28/2022.The EPS is expected to grow by 32.10% this year

ICICI Bank Limited (IBN) Top Institutional Holders

The shares outstanding are 3.48B, and float is at 3.39B with Short Float at 0.66%.

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