ICICI Bank Limited (IBN) has risen sharply, recording gains of 5.07% in the past 4 weeks. However, the stock has corrected -3.08% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 7.25% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.32% and the 50-Day Moving Average is 2.89%.The 200 Day SMA reached 12.26% ICICI Bank Ltd. is up 9.46% in the last 3-month period. Year-to-Date the stock performance stands at 2.62%.
For this week, the average consensus of the company shares are rated as a Strong Buy. ICICI Bank Limited (NYSE:IBN): stock was range-bound between the intraday low of $7.83 and the intraday high of $7.93 after having opened at $7.85 on Fridays session. The stock finally closed in the red at $7.85, a loss of -1.87%. The stock remained in the red for the whole trading day. The total traded volume was 5,546,311 shares. The stock failed to cross $7.93 in Fridays trading. The stocks closing price on Thursday was $8.02.
ICICI Bank Limited is a banking company. The Bank is a financial services group providing a range of banking and financial services including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services. Its operating segments include Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance and Others. Retail banking includes exposures of the Bank, which satisfy the criteria of orientation, product, granularity and low value of individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document International Convergence of Capital Measurement and Capital Standards: A Revised Framework. Wholesale banking includes all advances of the Bank to trusts, partnership firms, companies and statutory bodies. Treasury includes the entire investment and derivative portfolio of the Bank.