High-Value Turnover and Trading Volumes
On 12 Feb 2026, ICICI Bank recorded a total traded volume of 20,34,945 shares, translating into a substantial traded value of ₹288.85 crores. This level of activity places the stock among the highest value turnover equities on the day, underscoring its liquidity and appeal to large investors. The stock opened at ₹1,406.10 and touched an intraday high of ₹1,428.00, closing near the upper end of the range at ₹1,423.30 as of 09:44:46 IST.
The previous close was ₹1,406.10, indicating a day gain of 1.22%, which is notable given the broader market context. The Sensex declined by 0.45% on the same day, while the private sector banking sector index managed a modest gain of 0.11%. ICICI Bank’s outperformance by 1.03% relative to its sector highlights its relative strength amid mixed market conditions.
Institutional Interest and Delivery Volumes
Investor participation has been on the rise, with delivery volumes reaching 85.28 lakh shares on 11 Feb 2026, marking a 10.56% increase compared to the five-day average delivery volume. This uptick in delivery volumes suggests that investors are not merely trading intraday but are holding positions, signalling confidence in the stock’s medium-term prospects.
Such rising investor participation often correlates with institutional buying, which can provide a stabilising influence on the stock price and reduce volatility. The liquidity profile of ICICI Bank remains robust, with the stock capable of handling trade sizes up to ₹34.51 crores based on 2% of the five-day average traded value, making it attractive for large block trades and portfolio rebalancing by mutual funds and foreign institutional investors.
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Technical Strength and Moving Averages
Technically, ICICI Bank is demonstrating strong momentum, trading above all key moving averages including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment of short, medium, and long-term moving averages is a bullish indicator, suggesting sustained upward price momentum and investor confidence.
The stock’s current Mojo Score stands at 54.0, reflecting a Hold rating, which is an upgrade from a Sell rating issued on 6 Feb 2026. This improvement in the Mojo Grade indicates a positive shift in the stock’s fundamental and technical outlook, supported by recent price action and institutional interest.
Market Capitalisation and Sector Positioning
ICICI Bank is a large-cap stock with a market capitalisation of approximately ₹10,05,725 crores, making it one of the dominant players in the private sector banking industry. Its size and liquidity make it a preferred choice for institutional investors seeking exposure to India’s banking sector.
Despite the broader market volatility, ICICI Bank’s ability to outperform its sector and the Sensex on 12 Feb 2026 highlights its resilience and leadership position. The bank’s strong fundamentals, combined with improving investor sentiment, underpin its current trading strength.
Valuation and Investor Considerations
While the stock has shown commendable gains recently, investors should weigh the Hold rating and the current Mojo Score of 54.0 against the broader market environment and sector dynamics. The upgrade from Sell to Hold suggests that while the stock is no longer viewed negatively, it may not yet be a strong buy, signalling the need for cautious optimism.
Given the stock’s liquidity and institutional interest, it remains a viable option for investors looking to maintain exposure to the private banking sector, especially those favouring large-cap, liquid stocks with solid technicals. However, investors should monitor upcoming earnings, macroeconomic factors, and sectoral developments that could influence the stock’s trajectory.
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Outlook and Market Implications
ICICI Bank’s recent trading activity and technical positioning suggest that it remains a key stock to watch within the private sector banking space. The combination of high-value turnover, rising delivery volumes, and positive price momentum indicates sustained investor interest and potential for further gains.
However, the Hold rating and moderate Mojo Score imply that investors should remain vigilant and consider broader market conditions before increasing exposure. The bank’s performance relative to peers and sector benchmarks will be critical in determining its near-term trajectory.
In summary, ICICI Bank Ltd. continues to command significant attention from institutional and retail investors alike, supported by strong liquidity and technical strength. While the stock has outperformed its sector and the Sensex recently, a balanced approach is advisable given the current rating and market environment.
Key Metrics Summary:
- Market Capitalisation: ₹10,05,725 crores (Large Cap)
- Mojo Score: 54.0 (Hold, upgraded from Sell on 6 Feb 2026)
- Day Change: +1.22%
- Total Traded Volume: 20,34,945 shares
- Total Traded Value: ₹288.85 crores
- Delivery Volume (11 Feb 2026): 85.28 lakh shares (+10.56% vs 5-day average)
- Trading Range (12 Feb 2026): ₹1,405.30 - ₹1,428.00
- Trading above all major moving averages (5, 20, 50, 100, 200-day)
Investors and market participants should continue to monitor ICICI Bank’s trading patterns and fundamental developments as it remains a bellwether for the private banking sector in India.
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