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ICICI Bank (IBN) Catches Eye: Stock Jumps 6.1%

Zacks Equity Research

ICICI Bank Limited IBN was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $11.72–$12.63 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

ICICI Bank currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

ICICI Bank Limited Price

ICICI Bank Limited Price

ICICI Bank Limited price | ICICI Bank Limited Quote

Investors interested in the Banks – Foreign industry may consider a better-ranked stock like Bank Of Montreal BMO, which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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