18-Apr-2024
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ICICI Bank Ltd provides banking services. The company's operating segments include Retail Banking; Wholesale Banking; Treasury, Life insurance, and Other Banking Businesses. The company generates maximum revenue from the Retail Banking segment which includes exposures of the Bank, which satisfy the four qualifying criteria of a regulatory retail portfolio as stipulated by RBI guidelines on the Basel III framework as well as includes income from credit cards, debit cards, third party product distribution, and the associated costs.
Icici Bank trades on the NYSE stock market under the symbol IBN.
As of April 18, 2024, IBN stock price declined to $25.43 with 5,001,874 million shares trading.
IBN has a beta of 0.48, meaning it tends to be less sensitive to market movements. IBN has a correlation of 0.15 to the broad based SPY ETF.
IBN has a market cap of $89.30 billion. This is considered a Large Cap stock.
In the last 3 years, IBN stock traded as high as $26.75 and as low as $14.52.
The top ETF exchange traded funds that IBN belongs to (by Net Assets): SPEM, XCEM, DFAE, AVEM, DFEM.
IBN stock has underperformed the market in the last year with a return of +16.7%, while SPY returned +22.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in IBN shares. However, IBN has outperformed the market in the last 3 month and 2 week periods, returning +8.5% and -0.8%, while SPY returned +5.2% and -2.6%, respectively. This indicates IBN has been having a stronger performance recently.
IBN support price is $25.37 and resistance is $25.89 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IBN stock will trade within this expected range on the day.