ICICI Bank Approaches 52-Week High Amid Strong Market Performance and Technical Momentum

ICICI Bank has shown remarkable activity today, nearing its 52-week high, just 0.1% away from the peak of Rs 1452.6 reached on May 15, 2025. The stock has outperformed its sector by 0.73%, marking a positive trend reversal after two consecutive days of decline. Currently, ICICI Bank is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong technical momentum.
In the broader market, the Sensex has experienced a significant rise of 1.59%, climbing to 82,625.42, and is now just 4.06% shy of its own 52-week high. ICICI Bank's one-year performance stands at an impressive 29.22%, significantly outpacing the Sensex's 13.18% growth during the same period.

The bank boasts a robust long-term fundamental strength, highlighted by a 2.07% average return on assets and a high capital adequacy ratio of 17.11%. With consistent positive results over the last 26 quarters and a gross NPA of just 1.67%, ICICI Bank continues to solidify its position as a leading player in the private banking sector. Its market capitalization of Rs 10,15,858 crore makes it the second-largest bank in the industry, accounting for 27.63% of the sector.