High-Value Turnover and Trading Volumes
On 26 Feb 2026, ICICI Bank recorded a total traded volume of 29,82,947 shares, translating into a substantial traded value of approximately ₹41,743.66 lakhs. This level of turnover places the stock among the highest value trades on the day, signalling robust liquidity and active participation from both retail and institutional investors. The stock opened at ₹1,405.10 and traded within a range of ₹1,392.10 to ₹1,408.00, closing near ₹1,401.40 as of 10:40 AM IST, marking a modest day gain of 0.31%.
Institutional Interest and Delivery Volumes
Institutional investors appear to be increasing their stake in ICICI Bank, as evidenced by the delivery volume of 1.23 crore shares on 25 Feb 2026, which surged by 70.25% compared to the five-day average delivery volume. This heightened delivery volume suggests a growing conviction among long-term investors, reinforcing the stock’s appeal amid prevailing market conditions. The stock’s liquidity supports sizeable trade sizes, with the capacity to handle transactions worth ₹40.64 crores based on 2% of the five-day average traded value, making it an attractive option for large institutional trades.
Technical and Momentum Indicators
From a technical perspective, ICICI Bank’s share price is trading above its 5-day, 20-day, 50-day, and 100-day moving averages, indicating short to medium-term bullish momentum. However, it remains below the 200-day moving average, suggesting some resistance at longer-term levels. The stock has recorded a consecutive gain over the last trading day, albeit with a marginal return of 0.06%, closely tracking the sector’s performance which rose by 0.02%. The benchmark Sensex outperformed both with a 0.21% gain, reflecting broader market optimism.
MarketsMOJO Rating Upgrade and Quality Assessment
MarketsMOJO recently upgraded ICICI Bank’s Mojo Grade from Sell to Hold on 6 Feb 2026, reflecting an improvement in the company’s fundamental and technical outlook. The current Mojo Score stands at 54.0, indicating a moderate quality rating. Despite the upgrade, the bank’s Market Cap Grade remains at 1, denoting its status as a large-cap stock with significant market presence but also highlighting the need for cautious optimism given the competitive banking landscape and macroeconomic factors.
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Sector Context and Comparative Performance
ICICI Bank operates within the private sector banking industry, a segment that has shown resilience amid fluctuating economic conditions. The bank’s performance today aligns closely with its sector peers, reflecting steady investor confidence in private banks’ ability to navigate challenges such as credit growth moderation and regulatory changes. With a market capitalisation exceeding ₹10,00,228 crores, ICICI Bank remains a dominant player, yet faces competition from other large-cap banks and emerging financial institutions.
Investor Participation Trends
Investor participation in ICICI Bank has been on an upward trajectory, as indicated by the rising delivery volumes and consistent trading activity. The increase in delivery volume by over 70% compared to the recent average suggests that investors are not merely trading on short-term price movements but are accumulating shares for longer-term holdings. This trend is a positive signal for the stock’s stability and potential for sustained growth, especially as the bank continues to strengthen its balance sheet and expand its retail and corporate banking franchises.
Valuation and Risk Considerations
Despite the positive momentum, investors should remain mindful of valuation levels and broader market risks. ICICI Bank’s share price hovering around ₹1,400 reflects a premium valuation relative to some peers, justified by its strong franchise and earnings growth prospects. However, macroeconomic uncertainties, including interest rate fluctuations and asset quality pressures, could impact near-term performance. The Hold rating from MarketsMOJO suggests a balanced view, recommending investors to monitor developments closely before increasing exposure.
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Outlook and Investor Takeaways
ICICI Bank’s recent trading activity and upgrade in rating reflect a cautious but optimistic outlook. The bank’s ability to maintain high liquidity, attract institutional interest, and sustain positive momentum positions it well for the medium term. Investors should weigh the stock’s current valuation against its growth prospects and sector dynamics. While the Hold rating advises prudence, the stock remains a core holding for those seeking exposure to India’s private banking sector.
Conclusion
In summary, ICICI Bank Ltd. continues to command significant attention in the equity markets, driven by high-value trading volumes, rising delivery participation, and a recent upgrade in analyst sentiment. Its performance today is broadly in line with sector trends, supported by strong fundamentals and a large market capitalisation. Investors are advised to monitor technical signals and macroeconomic developments closely while considering the bank’s balanced rating and liquidity profile for informed decision-making.
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