ICICI Bank Stock: ICICI Bank reported its March 2024 quarter consolidated net grew 18.5 per cent to Rs 11,672 crore. It had reported a net profit of Rs 9,853 crore in the year-ago period.
Shares of State Bank of India (SBI) have surged nearly 17% this month, marking its largest monthly gain since January 2022. The stock has risen approximately 33% since December, demonstrating robust growth in less than three months.
The brokerage is ‘overweight’ on Private Banks, NBFCs (large diversified), Insurance, Cement, Real Estate, OMCs. It is ‘underweight’ on IT, FMCG, and Auto; and ‘neutral’ on Pharma, and Capital Goods.
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