- Current Price: Around ₹1,445–1,450 — the stock is up ~1.4–1.6% intraday, buoyed by strong Q1 earnings and sector momentum The Times of India+8Moneycontrol+8The Economic Times+8.
- Q1 FY26 Profit: ICICI Bank posted a robust 15.5% YoY rise in standalone net profit to ₹12,768 Cr; NII grew 10.6% YoY to ₹21,635 Cr, with NIM at 4.34% The Times of India+7The Economic Times+7The Economic Times+7.
- EPS Growth: Earnings per share increased to ₹19.02 from ₹16.64 in Q1 FY25 Simply Wall St.
🚀 Analyst Upgrades & Targets
- Motilal Oswal: Reiterated “Buy,” target of ₹1,650 (~15% upside from current) The Times of India+14Moneycontrol+14The Economic Times+14.
- Bernstein: Maintains Outperform rating, target ₹1,440 The Economic Times.
- Antique: Upgraded target to ₹1,680 citing margin strength & growth Moneycontrol+12The Economic Times+12Business Standard+12.
- Nuvama & Emkay: Reinforced “Buy” on strong NIM performance, target price around ₹1,600 The Times of India+8Moneycontrol+8The Economic Times+8.
- Nomura: Raised target to ₹1,740; applauded profitability, asset quality The Times of India+13Business Standard+13The Economic Times+13.
📈 Technical Outlook
- Support Levels: ₹1,411.60, ₹1,397.40
- Resistance Zones: ₹1,436.90, ₹1,448.00, ₹1,462.20 for the week ahead Equity Pandit.
- Today’s intraday range is oscillating between ₹1,425–1,456, suggesting moderate positive momentum The Economic TimesHDFC Sky.
✅ Should You Buy, Sell, or Hold?
| Investor Profile | Action & Rationale |
|---|---|
| Short-Term Traders | Momentum looks strong; trade within support/resistance bands (₹1,411–1,462) or ride the rally toward analyst targets. |
| Long-Term Investors | Solid Q1 fundamentals—healthy margin, NII growth, improving asset quality—underscore strong potential. Watch for dips (₹1,400–1,420) to accumulate. |
Bottom line: ICICI Bank continues to impress on core metrics. Analyst upgrades and technical strength strengthen the bullish case. Long-term fundamentals with short-term momentum offer a compelling setup.
❓ FAQs
Q1. Why is ICICI Bank up today?
Up ~1.5% intraday after Q1 FY26 results beat expectations—15.5% PAT growth, strong NII, and limited NIM decline Yahoo Finance+15The Economic Times+15Moneycontrol+15.
Q2. What are key targets?
Analyst targets range from ₹1,600 (Emkay, Nuvama) to ₹1,740 (Nomura), indicating 10–20% potential upside Business StandardThe Economic Times.
Q3. Are margins healthy?
Yes. NIM declined slightly QoQ (4.34% vs 4.41%) but beat peers. +7 bps NIM compression vs peers’ 15 bps Business Standard+4The Economic Times+4Moneycontrol+4.
Q4. How is asset quality?
GNPA improved to 1.67%, NNPA to 0.41%, with strong CASA (38.7%) and loan growth (+12%) Moneycontrol+7The Economic Times+7The Economic Times+7.
Q5. What are potential risks?
Margin pressure from interest rate cuts, rising provisions, or broader market pullback could dampen near-term momentum.
🧠 Final Take
ICICI Bank is riding strong earnings and analyst upgrades, making ₹1,445–1,450 a solid entry for both traders and long-term investors. The combination of margin resilience, earnings beat, and favorable technical setup supports a positive outlook—whether you’re looking to trade the momentum or build a core holding.
