|Bid||23.01 x 3000|
|Ask||23.15 x 1300|
|Day's Range||23.00 - 23.17|
|52 Week Range||19.34 - 24.80|
|Beta (5Y Monthly)||0.70|
|PE Ratio (TTM)||18.20|
|Forward Dividend & Yield||0.19 (0.84%)|
|Ex-Dividend Date||Aug 08, 2023|
|1y Target Est||30.10|
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ICICI Bank ADR shows rising price performance, earning an upgrade to its IBD Relative Strength Rating
In the financial markets, one of the most important principles revolves around the principle of diversification. While it is accurate that there are fully developed economies such as the United States and many European countries, there are emerging economies that present great opportunities for investors. Companies established in developing countries tend to experience much more accelerated and exponential growth than in developed ones. This has led to the rise of emerging markets stocks to buy.
ICICI Bank (IBN) looks promising on the back of its digitization efforts, high dependence on domestic loans and revenue strength amid the current macroeconomic backdrop.