Get started
ICICI BANK LTD.ICICI BANK LTD.ICICI BANK LTD.

ICICI BANK LTD.

No trades
See on Supercharts
Overview Financials News
Ideas
Discussions Technicals Forecast Seasonals Options Bonds

ICICIBANK trade ideas

ICICI Bank (IBN) - Diversified investment in India's economy.I am looking to benefit from investing in India's economy and I had found a few different investment ideas. ICICI bank is the 2nd largest bank in India, it has recently surpassed analysts expectations, its growth over time, as well as the share price, has been growing in a reasonable manner which presents a good long term opportunity - providing steady growth, an exposure to India's economy and hopefully little volatility. __________________________________________________________________ ICICI bank has: 3,200 retail branches 1,700 rural branches 39 international branches (Canada and the UK) __________________________________________________________________ Main revenue generating segments: Retail banking Wholesale banking Treasury Other banking services (Venture, home finance, insurance) __________________________________________________________________ ICICI Bank are building India's first "truly universal super app" We take this for granted in North America, but apparently, this is not widely available for people in India. They are creating what they deem to be the first of India's all-purpose banking apps __________________________________________________________________ They provide payment processing services for businesses and retailers (Think what Lightspeed LSPD does) __________________________________________________________________ Competitive advantages: - Recognized brand name - 2nd largest bank in India - investment in technological advances (such as mobile banking) __________________________________________________________________ Investing in India - More on this later, not enough time for now. The working theory for me personally is that India is flourishing, it will experince a much faster than average population growth, higher income, more prosperity which will result in good returns in investments made in India. This is a big part of the thesis here. I would not take the trade otherwise if I am not anticipating growth in India stocks. __________________________________________________________________ Why the bank? Appears to have a long term growth runway present because of the following: - Rising income - Rising demographic profile of young persons - Fastest growing populations - Increasing prosperity in India over a period of time - (sadly) declining prosperity in North America - will in my opinion shift towards China and India in the future. - Rising growth in the Fin tech space - ICICI will be able to diversify and capitalize on growing industries in India including Tech and IT. - Increase in online payments for monthly bills via banking. __________________________________________________________________ Valuation Projected valuation based on 5 years of anticipated growth. TTM EPS = 0.84 Analysts expected growth rate over 5 years = 81.60% Actual equity growth rate over last 4 years = 11.16% I will use a growth rate of 12 percent to be fair Average PE ratio over the last 5 years = 37.98 What will EPS be in 5 years? 1.48 multiplied by Average PE ratio = 56.21 __________________________________________________________________ The desired ROI Over 5 years, I am pencilling out that the share price should trade at a price of 56.21 which is more than double the current price of 21.18 which puts me at an anticipated growth of more than 15% per year on this trade should it work out. I am happy with those returns, and, in absence of new news, or faster than expected growth, my price target is at 24.36 by February 2023 28.17 by February 2024 37.47 by February 2025 49.84 by February 2026 66.29 by February 2027 __________________________________________________________________
NYSE:IBN
by tsx_trader
ICICIBANKNSE:ICICIBANK Please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House. All the contents over here are for educational purposes only and are not investment advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures and options. You are also requested to apply your prudence and consult your advisers in case you choose to act on any such content available as WE claims no responsibilities for any of your actions or any outcome of such action
NSE:ICICIBANKLong
by TrAder_3101_
ICICI BANKICICI Bank was following downward channel since long. Nor trading above 200 EMA on daily chart. Volume reducing. Facing resistance - Red Line. Support line marked - Orange Line. Ready to move up or down soon will good Volume. Earlier Trendline is now support line. Resistance @ 739 - 757 - 770 -789 - 810. Support @ 711 - 698 - 688. This is for Educational and paper trading purpose only. Must consult your financial advisor before investing or taking any position in the market. please correlate by yourself also on charts.
NSE:ICICIBANK
by EliteMasterTrader007
2