Are you serious to know the share price target of ICICI Bank for the upcoming years 2022 to 2030? so it is the best article for this share after reading this article I think you don’t need to go to any other website.
In this post, on the basis of analysis, we tried to include there are many types of points by which you may know overall about this share such as 2022 to 2030 targets, annual & quarterly results analysis, financial stats, and enterprises value which is explained further.
ICICI Bank Ltd is an Indian company that deals in the sector of banking and financial services for corporate and retail customers through a variety of subsidiaries in the areas of investment banking, life insurance, and other types of Services ICICI Bank has a registered office in Vadodara, Gujarat, and corporate office in Mumbai? The bank has around 5,275 branches and 15,589 ATMs across India.
ICICI Bank Ltd Quarterly Report Analysis
As the data are concerned ICICI Bank in the June Quarter of 2021, earned Rs.20,383.41 Cr. and make a profit of around Rs.4,616.02 Cr. in the September quarter of the same year they earned around Rs.21,233.64 Cr. making a profit out of it about Rs.5,510.95 Cr. and in the following quarter which is December company earned a net sales of Rs.22,082.60 Cr. and make a profit of about Rs.6,193.81 Cr. as we can see in the last three-quarter company made a good profit at the end of every quarter which is the result of user-friendly banking services and low-interest rate in the loan amount these facilities help them to earn a handsome amount of profit every quarter.
In the March quarter of the year 2022, ICICI Bank earned an interest of Rs.22,674.90 Cr. a profit of around Rs.7,018.71 Cr. in that quarter. And in the June Quarter of the Year 2022, they made net sales of Rs.23,671.54 Cr. and make a profit of about Rs.7,104.94 Cr. in this quarter of the year 2021 which will be a good signal for any Company.
ICICI Bank Ltd Annual Report Analysis
In the following year, 2018 ICICI Bank earned interest of Rs.54,965.89 Cr. making a profit out of it about Rs.6,777.42 Cr. In the next year that is 2019, they earned an interest of Rs.63,401.19 Cr. and make a profit of about Rs.3,363.30 Cr. before paying any taxes to government-regulated bodies according to the principle of paying taxes in that sector.
The year 2020 was one of the best years for ICICI bank because they earned interest of Rs.74,798.32 Cr. which is pretty much higher than Last years and make a profit of Rs.7,930.81 Cr. which is also a good profit and it all achieved because ICICI Bank was trying really hard to make their services and process pretty much easy and in the year 2021, ICICI Bank earned interest of around Rs.79,118.27 Cr. make a profit of Rs.16,192.68 Cr. in the next year 2022, the ICICI interest earned Rs.86,374.55 Cr. and net profit was Rs.23,339.49 Cr.
ICICI Bank Ltd Balance Sheet Analysis
In the year 2017 Company invested around Rs.1,61,506.55 Cr. and Other Assets of ICICI Bank are about Rs.62,534.55 Cr. and total assets of the company available at that time is around Rs.7,71,791.45 Cr. In the following year, 2018 Company invested around Rs.2,02,994.18 Cr. and Other Assets of ICICI Bank are about Rs.71,726.80 Cr. and total assets of the company are available at that time in 2018 is around Rs.8,79,189.16 Cr. In the year 2019 Company invested around Rs.2,07,732.68 Cr. and Other Assets of ICICI Bank are about Rs.81,852.17 Cr. and the total assets of the company were available at that time is around Rs.9,64,459.15 Cr.
In 2020 Company invested around Rs.2,49,531.48 Cr. and Other Assets of ICICI Bank in the year 2020 is about Rs.75,977.67 Cr. and total assets of the company available at that time 2020 are around Rs.10,98,365.15 Cr. In the financial year, 2021 Company invested around Rs.2,81,286.54 Cr. and Other Assets of ICICI Bank are about Rs.73,411.21 Cr. and total assets of the company are available at that time is around Rs.12,30,432.68 Cr. in the year 2022, ICICI invested Rs.3,10,241 Cr. whether the total assets were Rs.14,11,297.74 Cr.
We are trying to predict possible targets that the shares of ICICI Bank can find in upcoming years. Our prediction is based upon the Fibonacci retracement. The predicted targets are given below.
| Year | Target Of ICICI Bank Ltd |
|---|---|
| 2022(Target-1) | Rs.962 |
| (Target-2) | Rs.1,092 |
| 2023(Target-1) | Rs.1,207 |
| (Target-2) | Rs.1,330 |
| 2024(Target-1) | Rs.1,496 |
| (Target-2) | Rs.1,669 |
| 2025(Target-1) | Rs.1,800 |
| (Target-2) | Rs.1,962 |
| 2030(Target-1) | Rs.4,393 |
| (Target-2) | Rs.6,522 |
As the technical analysis chart predicts the shares of ICICI Bank will go in a positive direction for upcoming years to come because of their Diverse nature of services so we predict the first possible target that ICICI Bank will cross in the year 2022 is Rs.962 and the second possible target which the share of these company will find is around Rs.1,022.
We can predict first share price target for the year 2023 is around Rs.1,207 then as every share price after getting its first target met will show some downtrend after they again show positive movement in the same year and go uptrend and we can predict the second possible target which they can beat is about Rs.1,330 and it will happen because they also invest their customer assets in the share prices of other profitable companies.
We can predict the first share price target for the year 2024 which they surpass is about Rs.1,496 then as every share price after getting their first target for the year will show some downtrend move but they again show some positive movement in the same year and go uptrend and we can predict second possible target which they can find is around Rs.1,669.
For the year 2025, we can predict two possible share price targets which the shares of ICICI Bank will beat easily first is around Rs.1,800 and the second target is about Rs.1,962 as I told earlier that ICICI Bank share prices will always be in a positive move in future and share prices of this company share are increasing day by day in upcoming years.
Towards the end of this decade, ICICI Bank will be one of the Largest Companies which provide services in the banking and financial sectors in India as the bank of the private sector is concerned. We can predict the first possible target for the year 2030 which they can cross is around Rs.4,393 and the second possible target which they cross at the end of this decade is around Rs.6,522.
Conclusion
In this post, we have fully analyzed ICICI Bank Ltd for the year 2022 to 2030, which has included their technical analysis, quarterly reports, annual reports, and target share price for the future.
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I am a skillful trainer of the share market for the last 7 years. I have better knowledge of technical analysis, fundamental analysis, chart understanding, writing about share market, investing as well as trading which I wanted to spread all over the people.
Nice article to read for ICICI Bank share price target
Thanks