ICICI Bank s four-fold jump in stock price since 2018 reflects investors faith in the private lender ever since Sandeep Bakhshi donned the heavy hat from Chandra Kochhar
Shares of Federal Bank surged more than 4.76 per cent to Rs 170.25, hitting its new 52-week high and commanding a total market capitalization of more than 41,000 crore.
ICICI Bank's shares saw a 3% surge in the trading session following the release of its Q4FY24 results. Here are key insights brokerages provided regarding this private lender's performance.
ICICI Bank target prices: Nuvama has upped its target price on the stock to Rs 1,200 per share from Rs 1,180 per share while Elara raised its target on the stock to Rs 1,214 from Rs 1,200.
ICICI Bank shares jumped 5% and hit their 52-week high of Rs 1,059.40 on the NSE on Tuesday after the second-largest private lender reported December quarter earnings which were better than Street s estimates. Top brokerages including Jefferies, Kotak Institutional Equities and Nuvama retained their buy rating on the stocks. ICICI Bank on Saturday reported a 23.6% year-on-year (YoY) growth in its profit after tax to Rs 10,272 crore for the quarter ended December 2023.