ICICI Bank shares dip after AGM as selling pressure builds

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Shares of were trading lower on Monday morning, with the stock quoting at ₹1,414.90, down ₹5.10, or 0.36 per cent, from its previous close of ₹1,420.00, as of 11.13 AM on August 24, 2026. The stock opened at ₹1,420.50, touched an intraday high of ₹1,425.50, and slipped to a low of ₹1,414.00 through the morning session.

The mild selling pressure comes days after a busy week for the private lender. On August 21, ICICI Bank’s board approved overseas borrowings of up to $5 billion, and the bank issued $750 million in senior unsecured fixed-rate notes under its Global Medium Term Note (GMTN) programme. The bank also held its 32nd Annual General Meeting on the same day.

Order flow on the exchange skews bearish in early trade, with sell-side orders accounting for 65.14 per cent of total quantity against 34.86 per cent on the buy side. Traded volume stood at 14.26 lakh shares, with a traded value of ₹202.60 crore. The stock’s total market capitalisation was ₹10,14,885.78 crore.

The reported a net profit of ₹15,440.06 crore in Q1 FY2026-27, a jump of 13.88 per cent year-on-year, with quarterly profit growth of 4.64 per cent. Despite strong fundamentals, the stock has underperformed over the medium term, returning,1.51 per cent over the past year against the Nifty 50’s, 2.64 per cent.

The stock trades at a price-to-earnings ratio of 18.17 and remains well off its 52-week high of ₹1,480.00 hit on July 20, 2026, though comfortably above its 52-week low of ₹1,187.60 touched on April 2, 2026. The private sector banking space broadly remains range-bound, with facing resistance at the 57,800–58,000 zone and trading cautiously ahead of a potential breakout above 58,000.

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