ICICI Bank's Stock Reaches All-Time High, Receives 'Strong Buy' Rating from MarketsMOJO

Sep 18 2024 09:45 AM IST
share
Share Via
ICICI Bank, a leading private bank in India, has been in the news for its impressive performance in the stock market. Its stock reached an all-time high on September 18, 2024 and has been given a 'Strong Buy' rating by MarketsMojo. The stock has consistently outperformed the sector and is currently trading above its moving averages, showcasing a strong bullish trend. With a 1-year return of 28.45%, ICICI Bank has also outperformed the benchmark Sensex, making it a top choice for investors.

ICICI Bank, one of the leading private banks in India, has been making headlines recently with its impressive performance in the stock market. On September 18, 2024, the bank's stock price reached an all-time high, indicating a strong upward trend.

According to MarketsMOJO, a leading stock market analysis platform, ICICI Bank's stock has been given a 'Strong Buy' rating. The bank's stock has also been included in the MOJO Stocks list on MarketsMOJO since January 23, 2024.

In terms of price performance, ICICI Bank's stock is currently trading at a 0.11% premium to its 52-week high of Rs 1272.15. The stock's performance today is in line with the overall sector performance. Additionally, the stock has been on a consecutive upward trend for the past 3 days, with a 1.62% increase in returns during this period. The stock has also been trading in a narrow range of Rs 8, indicating stability in its price movement.

Furthermore, ICICI Bank's stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend.

In terms of overall performance, ICICI Bank has outperformed the Sensex, India's benchmark stock index, with a 1-year return of 28.45% compared to Sensex's 22.95% return. This showcases the bank's strong financial performance and market position.

With its consistent growth and positive outlook, ICICI Bank continues to be a top choice for investors in the private banking sector. Its strong performance in the stock market is a testament to its solid fundamentals and strategic management.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News