Shares of ICICI Bank Limited (IBN) Rally 6.76%

ICICI Bank Limited (IBN) : Traders are bullish on ICICI Bank Limited (IBN) as it has outperformed the S&P 500 by a wide margin of 5.27% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.18%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.76% in the last 1 week, and is up 9.87% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 8.64% and the 50-Day Moving Average is 12.26%.

ICICI Bank Limited (NYSE:IBN): The stock opened at $7.95 on Friday but the bulls could not build on the opening and the stock topped out at $7.98 for the day. The stock traded down to $7.87 during the day, due to lack of any buying support eventually closed down at $7.90 with a loss of -1.00% for the day. The stock had closed at $7.98 on the previous day. The total traded volume was 4,691,636 shares.


Institutional Investors own 21.89% of ICICI Bank Limited shares.

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.

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