IBN · NYSE · STOCK
ICICI Bank (IBN) Stock Analysis
$29.41
52W $25.08 – $33.03
62/100
$100.32B
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 62/100
, based on 6 analysts with 67% agreement.
Last updated October 14, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +12.99 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 — -7.01 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 2 existing position pair(s) are highly correlated already. 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
- Trend and market structure agree -- coherent bearish picture — 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 14, 2026
Overall Committee Score
62/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 40%
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
Risk Analyst
bullish
70
/ 100 · Low confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
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
35
/ 100 · Low confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− 2 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score moved marginally from 64.5 to 62.0.
- New bearish signals: 1 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Macro Analyst: score 80->65 (-15).
- Portfolio Manager: score 30->35 (+5).
- Technical Analyst: +1 bearish signal(s).
Comparing 2026-10-13 to 2026-10-14 (1 day apart).
Technical Analysis
RSI (14)
58.7
Neutral
MACD Histogram
0.146
Bullish Momentum
Trend Direction
Downtrend
Weekly: Downtrend
Market Structure
Lh Ll
Support
$25.18
Resistance
$29.39
Bollinger %B
0.80
Inside Bands
Price vs Moving Averages
EMA 9
$28.06
Above
EMA 21
$28.16
Above
EMA 50
$28.57
Above
EMA 200
$28.92
Above
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
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