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How To Buy ICICI Bank Stock From India

Looking to buy ICICI Bank stock? Read this blog to understand ICICI Bank’s historical track record and the ways to buy ICICI Bank stock from India.
September 20, 2021

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ICICI Bank is the 7th largest company in India by market capitalization. It is an iconic Indian blue-chip company that was established in 1994 by the Industrial Credit and Investment Corporation of India (ICICI) Ltd. 

ICICI Ltd is, to many people’s surprise, an Indian company that was founded in 1955 by the World Bank in collaboration with several Indian public & private banks. 

When Did ICICI Bank Go Public?

ICICI Bank went public in 1998 in India. Soon after, it was also listed on the New York Stock Exchange (NYSE) in 1999. This made it the 1st Indian company and non-Japanese finance institution on the NYSE.

Since then, ICICI Bank stock price has grown from approximately ₹4 in 1999 to ₹706.65 in 2021. There was also an FPO (Follow on Public Offer) in 2007 through which ICICI Bank issued additional shares to the public.   

The Financials Of ICICI Bank Stock

1. Stock Name: ICICI Bank Ltd. (ICICIBANK)

2. Share Price: ₹706.65*

3. Market Cap: ₹494,288 crores ($67.86 billion)

4. Dividend Yield: --

5. Beta: 1.63

6. 52 Week Low: ₹333.75

7. 52 Week High: ₹734.80

Fun fact: ICICI Ltd. was instrumental in setting up CRISIL, India’s 1st credit rating agency. 

ICICI Bank Stock Price From 2002 To 2021

Fun fact: ICICI Bank has a bigger market cap than Boston Scientific, MetLife, Twitter, Vertex Pharmaceuticals, and other US companies. 

How Are ICICI Bank Stock Prices?

ICICI Bank stock price has surged by more than 99% since 1999 in part due to smart acquisitions Bank of Rajasthan, Sangli Bank, Bank of Madura, and foreign banks like Investitsionno-Kreditny Bank (IKB).

The other reason for the growth of ICICI Bank stock price is the solid range of financial services that the company offers along with its subsidiaries like:

  • ICICI Prudential Life Insurance Company Limited
  • ICICI Lombard General Insurance Company Limited
  • ICICI Prudential Asset Management Company Limited

That said, ICICI Bank stock price has seen volatility in the past due to the nature of the sector that it is in (financial services) and events like the 2008 financial crisis and the 2020 pandemic. 

Is ICICI Bank Stock A Good Buy?

On paper, ICICI Bank presents a strong proposition because of factors like:

  • Blue-Chip: ICICI Bank is the 7th largest company in India by market capitalization
  • Revenue: ICICI Bank is the 2nd largest bank in India by revenue behind SBI and marginally ahead of HDFC Bank
  • Subsidiaries: ICICI Bank has several domestic & international subsidiaries like ICICI Bank Canada, ICICI Bank UK PLC, and others

Along with these factors, the ICICI Bank stock price has outperformed almost all of its competitors over the long run

Stock

5-Year Returns

Market Cap (in ₹ crores)

ICICI Bank

189.25%

494,288

HDFC Bank

138.81%

867,822

SBI

73.13%

393,352

Axis Bank

43.45%

245,205

Bank Of Baroda

-53.15%

41,061

However, these factors aren’t enough to determine whether ICICI Bank stock is a good buy for you. There are other things that will play a pivotal role in determining whether ICICI Bank is useful for you like:

  • Risk profile
  • Investment goals
  • Affordability

It’s best to consult a trained professional like a Cube Wealth Coach who can help you figure out if you should invest in ICICI Bank stock to achieve your wealth creation goals. 

Top Ways To Buy ICICI Bank Stock From India

There are two ways in which you can add ICICI Bank stock to your portfolio. One is indirect through mutual funds while the other is directly through a brokerage account.  

1. Mutual Funds 

ICICI Bank is a blue-chip company that is known to offer consistency and growth. That’s why top mutual funds like the ones on Cube hold ICICI Bank stock in their portfolio. 

Mutual Fund

1-Year Returns

3-Year Returns

5-Year Returns

Motilal Oswal Focused 25 Fund

39.58%

13.08%

14.62%

Axis Focused 25 Fund

48.23%

13.90%

17.80%

Invesco India Contra Fund

50.88%

14.76%

16.69%

Kotak Equity Opportunities Fund

52.75%

16.75%

15.83%

Mirae Asset Tax Saver Fund

73.58%

19.76%

21.18%

 

Mutual funds on the Cube Wealth app are handpicked and curated by Wealth First, Cube’s mutual fund advisor, who has a track record of beating Nifty by 50% over the past decade.

2. On Your Own

Indian investors have the option of buying stocks of companies like ICICI Bank through a brokerage account on their own. However, there’s a ton of research involved and financial statements to be read.  

Other Popular Indian Stock Stories:

1. How To Invest In Asian Paints Stocks From India

2. How To Buy Infosys Stock From India

3. How To Buy HDFC Stock From India?

4. How To Invest In Tata Stocks From India

5. How To Invest In Abbott Stocks From India

FAQs

Q. Is ICICI Bank listed on NYSE?

Yes, ICICI Bank is an Indian financial services company that has been listed on the NYSE since 1999. It was the first Indian company to trade on the NYSE. 

Q. Is ICICI paying dividends?

Yes, ICICI Bank pays dividends to its shareholders. In fact, it has a stellar dividend track record and had announced as much as ₹2.00 per share dividend on 26-04-2021.

Q. What is the full name of ICICI Bank?

ICICI Bank was previously known by its full name Industrial Credit and Investment Corporation of India Bank. However, it has fully adopted the acronym ICICI as its name shortly after being established.  

Note:

Facts & figures are true as of 20-09-2021. All information mentioned is for educational purposes and relies on publicly available information. None of the information shared here is to be construed as investment advice. We strongly recommend you consult a Cube Wealth coach before investing your money in any stock, mutual fund. PMS or alternative asset.

Shriram Shekhar
Shriram is a Content Marketer at Cube Wealth, the Financial Freedom App with a smart Perfect Portfolio Planner. He has developed cutting edge IT products for over 2 years before turning to his passion for the written word. Shriram’s love for philosophy, product development, and empowering people through quality content is what got him to Cube Wealth.

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