Will ICICI Bank Ltd. ADR (IBN) benefit from Wall Street bulls Calls?

ICICI Bank Ltd. ADR (NYSE: IBN) is 19.97% higher on its value in year-to-date trading and has touched a low of $21.89 and a high of $29.66 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 $28.34 in the last trading session, with the day’s gains setting it 0.26%.

Currently trading at $28.60, the stock is 1.51% and 0.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.12 million and changing 0.92% at the moment leaves the stock 10.33% off its SMA200. IBN registered 21.29% gain for a year compared to 6-month gain of 11.59%.

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The stock witnessed a 1.06% loss in the last 1 month and extending the period to 3 months gives it a 5.57%, and is 1.45% up 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 0.76% over the week and 1.00% over the month.

Current P/E ratio is 18.75 and Fwd P/E is 16.54. Profit margin for the company is 18.04%. Distance from 52-week low is 30.65% and -3.57% from its 52-week high. The company has generated returns on investments over the last 12 months (9.50%).

The EPS is expected to grow by 10.11% this year.

ICICI Bank Ltd. ADR (IBN) Top Institutional Holders

The shares outstanding are 3.52B, and float is at 3.52B with Short Float at 0.84%.

The top institutional shareholder in the company is WCM INVESTMENT MANAGEMENT, LLC with over 63.57 million shares valued at $1.84 billion. The investor’s holdings represent 1.8115% of the IBN Shares outstanding. As of 2024-06-30, the second largest holder is MORGAN STANLEY with 56.72 million shares valued at $1.63 billion to account for 1.6163 of the shares outstanding. The other top investors are GQG PARTNERS LLC which holds 56.46 million shares representing 1.6089% and valued at over $1.63 billion, while TEMASEK HOLDINGS (PRIVATE) LTD holds 0.8153 of the shares totaling 28.61 million with a market value of $824.27 million.