Asset quality of the bank improved and its provisions fell 27% to Rs 2,007 in Q3FY22 from Rs 2,742 crore in Q3FY21
The bank reported improvement in gross NPAs ratio at 4.13% from 4.38% at the end of the third quarter of the previous year
Analysts expect ICICI Bank to continue reporting healthy operating profit, along with double digit growth in loan book
There are other stocks which may show breakout structure, but still possesses the risk of high volatility and momentum, that may shift in any situation.
With the withdrawal of easy and cheap money globally, fundamentals would come to fore, analysts suggest. Therefore, one needs to stay invested in the right quality of stocks, analysts suggest
Year 2020 may see up to 20 per cent jump in these stocks, as the chart formations reveal higher interest of market players in these counters
Nifty Bank was trading lower for the sixth straight day, having fallen 8 per cent during the period
Jefferies is bullish on HDFC Bank, ICICI Bank, SBI, and HDFC.
Among individual stocks, Bajaj Finance, Mahindra & Mahindra Financial Services, ICICI Bank and State Bank of India (SBI) logged smart gains
Valuation of the standalone bank is currently at 25-30 per cent discount to HDFC Bank
The two lenders posted strong performance in Q2, and analysts' target prices indicate upside of at least 35-40%