ICICI Bank stock draws an INR 2,000 target as profit rises 16 percent
Published on 09/24/2026 at 23:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ICICI Bank stock stood at INR 1,339.50 on the NSE at 3:02 p.m. IST on September 24, 2026, down 0.03 percent from the previous close. The latest analyst marker is a higher INR 2,000 price target from Goldman Sachs, up from INR 1,935.
Target reaches INR 2,000
According to CNBC TV18 on September 8, 2026, Goldman Sachs maintained a Buy rating and raised its ICICI Bank target from INR 1,935 to INR 2,000. The report said all 53 analysts covering the bank had a Buy rating, giving the target revision a broad consensus backdrop.
The gap between the prior and new target is INR 65, or 3.4 percent. For investors, the key issue is whether deposit growth and earnings expansion can support that valuation in the next reported period.
Q1 profit rose 16 percent
ICICI Bank started fiscal 2027 with standalone net profit of INR 14,804 crore in the June quarter, up 16 percent from INR 12,768 crore a year earlier, according to NDTV Profit. Net interest income increased 13 percent year over year to INR 24,385 crore from INR 21,635 crore.
Operating profit reached INR 20,386 crore in Q1 FY27, compared with INR 17,505 crore in Q1 FY26. The combination of higher profit and net interest income gives the target revision a measurable earnings foundation rather than a purely technical rationale.
NSE price holds near INR 1,340
The stock traded between INR 1,330.10 and INR 1,347.80 during the September 24 session, with the current price only INR 0.10 below INR 1,339.60, the previous close. The narrow 0.03 percent daily move contrasts with the 16 percent annual profit increase, leaving earnings delivery as the stronger numerical signal in this snapshot.
ICICI Bank has a market capitalization of INR 9.6191385 trillion as of September 24, 2026. Its next scheduled quarterly results meeting is set for October 17, 2026, for the quarter ending September 30, according to NDTV Profit.
Stock trades near INR 1,340
ICICI Bank stock was trading at INR 1,339.50 on the NSE on September 24, 2026 at 3:02 p.m. IST. The price, daily change and intraday range frame the market snapshot, while Q1 FY27 profit growth of 16 percent supplies the clearest operating comparison.
ICICI Bank market snapshot
- Company: ICICI Bank Limited
- Ticker: ICICIBANK
- Trading venue: NSE
- Price as of September 24, 2026, 3:02 p.m. IST: INR 1,339.50
- Market capitalization: INR 9.6191385 trillion as of September 24, 2026
- Sector / Industry: Financial Services / Banks
- Index membership: Nifty 50
