IBN · NYSE · STOCK
ICICI Bank (IBN) Stock Analysis
$27.88
52W $25.08 – $33.03
60/100
$99.75B
17.3
0.23
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is IBN Bullish or Bearish?
Bullish.
Innellis AI committee rates ICICI Bank Limited (IBN) Buy with a composite score of 60/100
, based on 5 analysts with 60% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +14.58 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -5.42 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
Supporting evidence favours the bullish case. The main limiting factor is sector concentration is already high (hhi 2796.97). The committee is constructive but not yet at full conviction.
Bull & Bear Case
Bull Case
- ROE of 15.7% shows genuine earnings power backing the valuation — Value
- Revenue growing 36.2% YoY -- genuine top-line momentum — Growth
- MACD histogram positive -- bullish momentum — Technical
- Weekly trend (downtrend) confirms the daily trend -- multi-timeframe agreement — Technical
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure making lower highs and lower lows — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
60/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 43%
of 211 Financial Services peers
Value Analyst
bullish
63
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ ROE of 15.7% shows genuine earnings power backing the valuation
Growth Analyst
bullish
60
/ 100 · Moderate confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 36.2% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
56
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
− Price structure making lower highs and lower lows
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
neutral
58
/ 100 · Low confidence
News flow is mixed or quiet -- no strong signal either way right now
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 60.4 to 60.4.
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
48.3
Neutral
MACD Histogram
0.081
Bullish Momentum
Trend Direction
Downtrend
Weekly: Downtrend
Market Structure
Mixed
Support
$25.18
Resistance
$29.39
Bollinger %B
0.47
Inside Bands
Price vs Moving Averages
EMA 9
$27.82
Above
EMA 21
$28.12
Below
EMA 50
$28.61
Below
EMA 200
$28.93
Below
Fundamental Analysis
Valuation
58
Growth
55
Profitability
72
Financial Health
48
Cash Flow
15
Valuation
P/E Ratio
17.3×
P/B Ratio
2.55×
PEG Ratio
3.57
Dividend Yield
0.89%
52W High
$33.03
52W Low
$25.08
Quality & Growth
ROE
1493.1%
ROA
186.0%
Gross Margin
6852.7%
Operating Margin
2646.4%
Revenue Growth YoY
—
Debt / Equity
0.59
AI Fundamental Assessment
P/E ratio of 17.3 (inexpensive relative to a 15-40x range); Price-to-book of 2.6x; PEG ratio of 3.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 14.9%; Return on assets of 1.9%; Net margin of 18.8%; Gross margin of 68.5%; Current ratio of 0.11 (tight short-term liquidity); Debt-to-equity of 0.59; Free cash flow per share is negative (-65.91); Most recent quarter beat estimates by 2.3%; 2 consecutive earnings beats; EPS growth decelerating (+21.0% -> +8.0% QoQ); Analyst estimates rising over recent quarters
Get the Full IBN Analysis
Interactive charts · Live committee votes · Trade plan · Paper trading · AI Q&A
Open in Terminal →