Price & Technical Structure
- Short-term returns show a mixed picture with a 1-day decline of -1.11% and a 5-day gain of 0.111%.
- The trend is bearish, indicated by a negative trend alignment score of -3 and the price trading below the 9, 21, and 50-day EMAs.
- Momentum is weak, with an RSI of 42.67 and a bearish MACD signal.
- Volatility is moderate, with the price positioned at 21.44% of the Bollinger Band width.
- The stock is trading 14.81% below its 52-week high and 5.16% above its 52-week low, with a current drawdown of -14.81%.
The market behaviour indicates a bearish trend with weak momentum. The price is trading below key Exponential Moving Averages (EMAs), and the MACD and RSI suggest a lack of positive momentum. The stock is also experiencing a significant drawdown from its 52-week high, indicating a challenging market environment. While short-term returns are mixed, the overall technical picture points towards continued caution.
Weekly Momentum
- The stock remains in a persistent bearish trend, trading 3.4 percent below its 50-day moving average and 6.02 percent below its 200-day moving average.
- Negative momentum persists as the MACD (a trend-following indicator showing the relationship between two moving averages) remains in negative territory.
- The Reserve Bank of India approved HDFC Bank to acquire up to 9.95 percent of ICICI Bank's share capital within one year.
- Financial performance for the quarter ending March 2026 showed growth, with net profit increasing 9.2 percent year-on-year.
- Trading activity increased significantly, with total volume rising by 25.78 percent compared to the previous week.
ICICI Bank experienced a week of mixed signals characterized by a persistent bearish technical structure and increased institutional interest. While the stock price remains suppressed below key moving averages and momentum indicators like the MACD remain negative, the bank reported solid quarterly growth with a 9.2 percent year-on-year increase in net profit. Market participation surged, evidenced by a 25.78 percent rise in trading volume. Additionally, the bank navigated regulatory developments, including an administrative warning from SEBI and the approval for HDFC Bank to acquire a stake of up to 9.95 percent in the institution.
Quarterly Analysis
Income rose to ₹84,613.66 Cr (+10.2% QoQ, +6.1% YoY), indicating strong top-line growth.
Other Income surged to ₹35,019.91 Cr (+23.2% QoQ, +11.7% YoY), contributing positively to total income.
The CET 1 Ratio improved to 16.25% (+11.6% QoQ, +2.78% YoY), reflecting strengthened capital adequacy.
The Percentage of Gross NPA decreased to 1.41% (-7.84% QoQ, -16.1% YoY), showing an improvement in asset quality.
Tax Expense increased to ₹5,132.34 Cr (+18.2% QoQ, +7.16% YoY), impacting overall profitability.
The quarter showed strong revenue growth driven by both core and other income, alongside improvements in capital strength and asset quality. However, a significant increase in tax expenses impacted overall profitability.
ICICI Bank reported strong growth in its top line for FY26 Q4. Total Income reached ₹84,613.66 Crores, marking a 10.2% increase from the previous quarter and a 6.1% increase compared to the same quarter last year. This growth was supported by increases in both core Income and Other Income.
Other Income also demonstrated substantial growth, increasing by 23.2% QoQ to ₹35,019.91 Crores. This was also higher by 11.7% YoY. This significant increase in Other Income contributed positively to the bank's overall financial performance.
The bank's financial strength was further underscored by an improved CET 1 Ratio, which stood at 16.25% as of March 31, 2026. This represents an 11.6% increase QoQ and a 2.78% increase YoY. Asset quality also showed improvement, with the Percentage of Gross NPA decreasing to 1.41% as of March 31, 2026. This is a decrease of 7.84% QoQ and 16.1% YoY.
Despite the revenue growth and improvements in capital and asset quality, Tax Expense saw a notable increase. Tax Expense for the quarter was ₹5,132.34 Crores, an 18.2% increase compared to the previous quarter and a 7.16% increase YoY. This rise in tax expenses impacted overall profitability.