ICICI Bank share price: ICICI Bank shares decline up to 2% after gaining for 5 sessions in a row: Should you buy, sell or hold?

After gaining for five straight sessions, ICICI Bank shares traded weak in Monday's session (September 23) even as the global brokerage firm Citi maintained its buy call on the stock. At the same time, the brokerage has also raised target price from Rs 1,464 to Rs 1,547, implying an upside of over 15 per cent.

The stock in the last trading session has soared has gained over 7 per cent and its m-cap is near Rs 9.5 lakh crore mark. The company after the record gains is now the fifth largest Indian company by m-capitalisation.

Citi noted that growth momentum at the private sector lender is set to sustain in mid-teens led by the company's Business banking, MSME, Corporate banking business verticals.

The brokerage added that the lender's liquidity coverage ratio to loan-to-deposit ratio - the key metrics to assess bank's financial health remain comfortable at 123 per cent and 85 per cent, respectively.

Further, it anticipated range bound NIM growth with similar intensity (single-digit) moderation in Q2. 

Asset quality at the lender also show comfortable positioning. Also, the brokerage remains constructive on better rated CRE/NBFC/HFC.

Citi also underlined that ICICI Bank remains focused on cost efficiency; opex to grow slower than asset growth

Other analysts' call on the stock

The consensus recommendation from 40 analysts for ICICI Bank Ltd. is strong buy, shows Trendlyne data.