ICICI Bank gains 2%, hits fresh 52-week high after Q4 profit jumps 18% YoY. Should you buy?

Shares of ICICI Bank, India’s second-largest private-sector lender, surged 2.15% to a new 52-week high of Rs 1,437 on Monday, as domestic brokerages turned bullish following the bank’s strong Q4FY25 performance.

The lender reported an 18% year-on-year (YoY) increase in net profit to Rs 12,630 crore, prompting analysts to reaffirm their positive outlook and revise target prices upward, citing robust fundamentals, steady growth in loans and deposits.

The lender’s net interest income (NII) for the quarter increased 11% YoY to Rs 21,193 crore.

For the entire financial year FY25, the bank’s profit after tax climbed 15.5% YoY to Rs 47,227 crore. The bank also announced a dividend of Rs 11 per share.

In Q4FY25, the net interest margin (NIM) stood at 4.41%, up from 4.25% in Q3FY25 and slightly above the 4.40% recorded in Q4FY24. The NIM for the full year came in at 4.32%.

Here’s what brokerages said post Q4 earnings show:

Nuvama: Rating Buy | TP Rs 1,660

The brokerage maintained a Buy rating on the stock with a target price of Rs 1,660, implying an upside of 18% from the current market price.

The brokerage highlighted the bank’s robust performance, marked by steady growth in both loans and deposits. Despite some near-term pressure on net interest margins (NIM), Nuvama expects the bank to continue delivering strong results across most key metrics.

MOSL: Rating Buy | TP Rs 1,650

Motilal Oswal Financial Services (MOSL) has reiterated its Buy rating on ICICI Bank, with a revised target price of Rs 1,650, reaffirming it as a top pick within the banking sector.

The firm noted the bank’s strong performance even amid a challenging macro environment, driven by an expansion in net interest margins (NIM) and well-managed provisions. MOSL has upgraded its earnings estimates for the bank by 2.5% for FY26 and 4.2% for FY27. It projects a return on assets (RoA) of 2.3% and a return on equity (RoE) of 17.5% for FY27.

ICICI Bank share price

On Thursday, the shares of ICICI Bank closed 3.7% higher at Rs 1,406.65 on the BSE. The lender’s shares have gained 10% on a year-to-date basis. Meanwhile, the stock offered 29% return in the last three years and a whopping 320% return in five years.