ICICI Bank shares set for rally ahead? Stock price targets after Q2 beat
Following a slew of weak quarterly results this earnings season, ICICI Bank Ltd sprung positive surprises, leading to upward revision in its target prices. Analysts said the private lender beat the Street estimates on most counts, be it asset quality, deposit growth, net interest margin (NIM) or the-best-in-class return on asset (ROA), and that it is set for a rerating ahead.
ICICI Bank logged a very strong set of Q2FY25 numbers and lower sequential slippage even as peers battled a slowdown in growth and increase in credit cost, said Nuvama Institutional Equities. It said ICICI Bank’s strong loan growth of 4 per cent QoQ and 15 per cent YoY, decline in lagged slippage to 1.7 per cent from 2.1 per cent, controlled opex and a decline in…
