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Motilal Oswal Financial Services opines that ICICI Bank’s valuation will expand to its “deserving multiple, thus generating supernormal returns for investors”.
Topics
ICICI Bank | Q1 results | Markets
ICICI Bank Q1 result review: As ICICI Bank delivered its seventh consecutive beat on quarterly earnings, analysts believe the lender’s stock could soon command premium over HDFC Bank, while it may narrow its valuation discount with Kotak Mahindra Bank. The near flawless core earnings for the last few quarters, outclassing its peers, could lead to a “bright future for the bank in a gloomy macro environment,” they said.
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First Published: Mon, July 25 2022. 10:37 IST !function(f,b,e,v,n,t,s){if(f.fbq)return;n=f.fbq=function(){n.callMethod?n.callMethod.apply(n,arguments):n.queue.push(arguments)};if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version=’2.0′;n.queue=[];t=b.createElement(e);t.async=!0;t.src=v;s=b.getElementsByTagName(e)[0];s.parentNode.insertBefore(t,s)}(window,document,’script’,’https://connect.facebook.net/en_US/fbevents.js’);fbq(‘init’,’550264998751686′);fbq(‘track’,’PageView’); .
