ANIShares of hit a fresh52-week high of Rs 911.75 in Friday’s trade. The leading private sector bak has rallied nearly 35 per cent in the last six months.
The stock rose up to 1.43 per cent during the day, while at 2:59 pm, the scrip was 0.34 per cent higher at Rs 901.95.
Talking about ICICI Bank, Sudip Bandyopadhyay, Group Chairman, , said that ICICI has done a tremendous job, and the kind of turnaround the current management has shown is amazing.
"People were really worried about ICICI Bank when the Chanda Kochhar episode happened and from there the way the bank has resurrected has been amazing. The last quarter results were outstanding, they beat market estimates by a yard. Their asset quality, loan growth, liability growth – all are industry-leading," Bandyopadhyay added.
The momentum is behind them and they will continue to perform and outperform, he said, adding that there is still a significant track for them to move ahead even at current levels.
CLSA maintained its positive view on ICICI Bank as it remained its top pick in the banking sector with a target price of Rs 1,040.
As per Trendlyne data, the highest target for ICICI Bank goes up to Rs 1,225, while the average estimate of Rs 1,000.9 shows an upside potential of 11 per cent from current prices.
The stock rose up to 1.43 per cent during the day, while at 2:59 pm, the scrip was 0.34 per cent higher at Rs 901.95.
Talking about ICICI Bank, Sudip Bandyopadhyay, Group Chairman, , said that ICICI has done a tremendous job, and the kind of turnaround the current management has shown is amazing.
"People were really worried about ICICI Bank when the Chanda Kochhar episode happened and from there the way the bank has resurrected has been amazing. The last quarter results were outstanding, they beat market estimates by a yard. Their asset quality, loan growth, liability growth – all are industry-leading," Bandyopadhyay added.
The momentum is behind them and they will continue to perform and outperform, he said, adding that there is still a significant track for them to move ahead even at current levels.
CLSA maintained its positive view on ICICI Bank as it remained its top pick in the banking sector with a target price of Rs 1,040.
As per Trendlyne data, the highest target for ICICI Bank goes up to Rs 1,225, while the average estimate of Rs 1,000.9 shows an upside potential of 11 per cent from current prices.
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