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Buy ICICI BankLtd For Target Rs.1,550 By Motilal Oswal Financial Services Ltd Well poised to deliver sustainable growth and profitability! Asset quality steady; Estimate RoA to sustain at 2.1% for FY27E   We met with Mr. Rakesh Jha (Executive Director – Retail, Corporate Banking and Small Enterprises) and Mr. Abhinek Bhargava (Head – Investor Relations) from ICICI Bank (ICICIBC) to discuss the bank’s business outlook and other key focus areas. Following are the key takeaways from the discussion:   Loan growth remains healthy; ...
Buy ICICI BankLtd For Target Rs.1,550 By Motilal Oswal Financial Services Ltd
Buy ICICI BankLtd For Target Rs.1,550 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services ltd
2024-12-14 02:11:46 pm
Headwinds yet to peak out, Nifty target cut to 27,381 : PL Capital- Prabhudas Lilladher PL Capital- Prabhudas Lilladher, one of the most trusted financial services organisations in India, in its latest India Strategy Reportstated that the Indian markets are on course but headwinds are yet to peak out. The firm has cut its base case NIFTY target to 27,381 (27,867 earlier) on Nifty EPS cut by 0.5/2.0/1.5 for FY25/26/27 and recommends selective buying on dips for long-term gains. According to the report, demand conditions remain mixed with steady uptick in rural demand given low...
Headwinds yet to peak out, Nifty target cut to 27,381 : PL Capital- Prabhudas Lilladher
Headwinds yet to peak out, Nifty target cut to 27,381 : PL Capital- Prabhudas Lilladher
Source: Prabhudas Lilladher Pvt. Ltd
2024-11-28 12:08:36 pm
Mirae Asset Capital Markets Top 10 BFSI Picks for Smart Investors The BFSI sector is a cornerstone of India’s economic growth, showing resilience amidst global challenges. Mirae Asset Capital Markets (India) Pvt. Ltd. presents the November 2024 update, spotlighting the top 10 BFSI stocks with strong growth potential and stability. This concise report evaluates key players, their performance metrics, and target prices to guide your investment decisions. 1) ICICI Bank (CMP: Rs.1,301, TP: Rs.1,505) remains a top pick, consistently outperforming p...
Mirae Asset Capital Markets Top 10 BFSI Picks for Smart Investors
Mirae Asset Capital Markets Top 10 BFSI Picks for Smart Investors
Source: PR Agency
2024-11-26 05:28:44 pm
Sensex surges 855 pts despite geo-political tensions, PSU bank stocks shine The Indian stock market was trading in the green on Friday despite geopolitical tensions as heavy buying was seen in the PSU bank shares. Nifty PSU Bank was trading with a gain of 2.88 per cent.  At around 12:17 p.m., Sensex was trading at 78,010.82 after gaining 855.03 points or 1.11 per cent, while the Nifty was trading at 23,620.95 after gaining 271.05 points or 1.16 per cent. The market trend remained positive. On the National Stock Exchange (NSE), 1725 stocks were trading in g...
Sensex surges 855 pts despite geo-political tensions, PSU bank stocks shine
Sensex surges 855 pts despite geo-political tensions, PSU bank stocks shine
Source: IANS
2024-11-22 01:57:24 pm
Buy ICICI Bank Ltd For Target Rs. 1585 By Choice Broking Ltd ICICI Bank delivered an impressive performance in Q2 FY25, exceeding market expectations with robust business growth, strengthened asset quality, and disciplined cost management. The bank reported a 14.5% YoY surge in PAT to ?117.46 bn, slightly above consensus estimates, primarily driven by lower credit costs and well-contained operating expenses. NIMs stood at 4.27%, slightly trailing previous quarters due to elevated deposit costs. While some margin pressure may persist into FY25, the bank...
Buy ICICI Bank Ltd For Target Rs. 1585 By Choice Broking Ltd
Buy ICICI Bank Ltd For Target Rs. 1585 By Choice Broking Ltd
Source: Choice Broking
2024-11-13 11:02:56 am
Buy ICICI Bank Ltd For Target Rs.1,450 By Emkay Global Financial Services ICICI Bank posted a 3% beat on PAT at Rs117bn and a superior RoA of 2.4% among peers, primarily due to healthy NII and better fees/treasury gains. Defying industry and peer trends, the bank clocked healthy credit growth at 15% YoY/4% QoQ, driven by some pick-up in corporate, business banking, and non-PL retail book. Deposit growth was equally healthy at 16% YoY/5% QoQ, while the bank maintains reasonable LCR at 120%. Amid most peers reporting higher NPAs, ICICIB continues to witness steady im...
Buy ICICI Bank Ltd For Target Rs.1,450 By Emkay Global Financial Services
Buy ICICI Bank Ltd For Target Rs.1,450 By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-12 02:39:45 pm
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers The Indian stock market opened flat on Tuesday as buying was seen in realty, media, IT, PSU bank, financial services and pharma sectors in early trade.  Sensex was trading at 79,584.29 after rising 88.14 points or 0.11 per cent. At the same time, Nifty was trading at 24,172.95 after rising 31.65 points or 0.13 per cent. The market trend remained positive. On the National Stock Exchange (NSE), 1,525 stocks were trading in green, while 651 stocks were trading in red. Nifty Bank wa...
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers
Share market opens flat, Bharti Airtel and ICICI Bank among top gainers
Source: IANS
2024-11-12 12:27:30 pm
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers The Indian stock market witnessed a weak trend in the last week due to heavy selling in the largecaps.  In the last week, the combined market cap of six of the top 10 most valued companies eroded by Rs 1.55 lakh crore. In the top 10, Reliance Industries (RIL), Bharti Airtel, ICICI Bank, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were losers. Tata Consultancy Services (TCS), HDFC Bank, Infosys, and State Bank of India (SBI) were gainers. The market cap...
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers
RIL mcap decreases by Rs 74,000 crore; SBI, TCS, Infosys biggest gainers
Source: IANS
2024-11-10 05:47:40 pm
Buy ICICI Bank Ltd For Target Rs.1,525 By Yes Securities Ltd ICICI retains the coveted mantle of “boring bank” Our view – By “boring”, we imply a picture of stability Asset Quality – Slippages remained broadly under control, undergoing a moderate sequential decline: Gross NPA additions amounted to Rs 50.73bn for 2QFY25, translating to an annualized slippage ratio of 1.6% for the quarter. Gross NPA additions had amounted to Rs 59.16bn during 1QFY25. It may be noted that agri slippages are usually odd quarter phe...
Buy ICICI Bank Ltd For Target Rs.1,525 By Yes Securities Ltd
Buy ICICI Bank Ltd For Target Rs.1,525 By Yes Securities Ltd
Source: Yes Securities Ltd
2024-11-10 10:53:58 am
Buy ICICI Bank Ltd For Target Rs.1,500 By Motilal Oswal Financial Services Ltd All-round performance; solidifies its leadership position Asset quality improves slightly; cost control impressive * ICICI Bank (ICICIBC) has reported six glorious years of performance since Mr. Sandeep Bakhshi took charge as MD & CEO on 15th Oct’18. The bank has consistently beaten street estimates on one or the other metric, even as the macro environment changed considerably over the years.   * Just when it seems that the opportunities for positive surprises are exh...
Buy ICICI Bank Ltd For Target Rs.1,500 By Motilal Oswal Financial Services Ltd
Buy ICICI Bank Ltd For Target Rs.1,500 By Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd Ltd
2024-11-05 12:42:00 pm
ICICI Bank moves up on the bourses ICICI Bank is currently trading at Rs. 1310.70, up by 18.05 points or 1.40% from its previous closing of Rs. 1292.65 on the BSE. The scrip opened at Rs. 1300.00 and has touched a high and low of Rs. 1314.15 and Rs. 1299.70 respectively. So far 113724 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1361.35 on 20-Sep-2024 and a 52 week low of Rs. 908.40 on 30-Oct-2023. Last one week high and low of the scrip stood...
ICICI Bank moves up on the bourses
ICICI Bank moves up on the bourses
Source: Accord Fintech
2024-10-29 11:27:47 am
ICICI Bank surges on reporting 19% rise in Q2 consolidated net profit ICICI Bank is currently trading at Rs. 1300.90, up by 45.40 points or 3.62% from its previous closing of Rs. 1255.50 on the BSE. The scrip opened at Rs. 1288.15 and has touched a high and low of Rs. 1301.20 and Rs. 1280.65 respectively. So far 426834 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1361.35 on 20-Sep-2024 and a 52 week low of Rs. 908.40 on 30-Oct-2023. Last one week high and low of the scrip stood...
ICICI Bank surges on reporting 19% rise in Q2 consolidated net profit
ICICI Bank surges on reporting 19% rise in Q2 consolidated net profit
Source: Accord Fintech
2024-10-28 12:04:20 pm
ICICI Bank clocks 14.5 pc net profit growth at Rs 11,746 crore in Q2 FY25 ICICI Bank on Saturday reported a 14.5 per cent growth in net profit at Rs 11,746 crore (year-on-year) in Q2 FY25, from Rs 10,261 crore in the year-ago quarter.   The private sector lender’s net interest income (NII) increased by 9.5 per cent to Rs 20,048 crore, in Q2 2025 from Rs 18,308 crore in the same quarter last year. Average deposits grew by 15.6 per cent year-on-year to Rs 14,28,095 crore (as on September 30). Net NPA ratio was 0.42 per cent at September 30, compared ...
ICICI Bank clocks 14.5 pc net profit growth at Rs 11,746 crore in Q2 FY25
ICICI Bank clocks 14.5 pc net profit growth at Rs 11,746 crore in Q2 FY25
Source: IANS
2024-10-26 04:46:18 pm
ICICI Bank jumps on partnering with PhonePe to offer instant credit on UPI ICICI Bank is currently trading at Rs. 1254.90, up by 18.25 points or 1.48% from its previous closing of Rs. 1236.65 on the BSE. The scrip opened at Rs. 1241.90 and has touched a high and low of Rs. 1264.90 and Rs. 1232.90 respectively. So far 169020 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1361.35 on 20-Sep-2024 and a 52 week low of Rs. 898.85 on 26-Oct-2023. Last one week high and low of the scrip stood...
ICICI Bank jumps on partnering with PhonePe to offer instant credit on UPI
ICICI Bank jumps on partnering with PhonePe to offer instant credit on UPI
Source: Accord Fintech
2024-10-09 12:54:50 pm
Prime Securities Forays into Wealth Management  Prime Securities Ltd. (PSL https://primesec.com/ ), a SEBI registered Category-I Merchant Banker, is expanding its reach within the financial services sector by entering the wealth management business through its wholly-owned subsidiary, Prime Trigen Wealth Ltd. (PTWL). This strategic move aims to tap into new growth opportunities with significant scalability potential.   PTWL has roped in industry veterans Mr. Sailesh Balachandran and Mr. Maneesh Kap...
Prime Securities Forays into Wealth Management
Prime Securities Forays into Wealth Management
Source: PR Agency
2024-10-03 04:45:47 pm
MakeMyTrip Partners with 10 Leading Airlines and ICICI Bank to Boost International Business Class Travel As India’s travel landscape continues to evolve, premium experiences are becoming a priority for many travelers. According to MakeMyTrip’s latest How Indians Travel Abroad report, there has been a 10% increase in searches for international business class flights between 2023 and 2024. Traditionally associated with long-haul destinations such as the USA and the UK, the trend is now extending to shorter routes, including destinations like Hong Kong, Sri Lanka, Japan, and S...
MakeMyTrip Partners with 10 Leading Airlines and ICICI Bank to Boost International Business Class Travel
MakeMyTrip Partners with 10 Leading Airlines and ICICI Bank to Boost International Business Class Travel
Source: PR Agency
2024-09-28 02:15:35 pm
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets * Offers exclusive discounts on bookings done between September 26 and October 5 * Provides free cancellation on flight, train and bus tickets in case of last minute change in plans * Brings exciting offers in partnership with leading banks like ICICI Bank, RBL Bank, Bank of Baroda, and AU Small Finance Bank One97 Communications Limited (OCL) that owns the brand Paytm, India’s leading payments and financial services distribution company and the pioneer of QR, Sou...
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Paytm announces Travel Carnival this festive season, save up to ?5,000 on flights, 25% off on bus and train tickets
Source: PR Agency
2024-09-28 02:08:21 pm
Reliance Infra share up on debt reduction announcement Share of Reliance Infrastructure Ltd went up 20 per cent on Wednesday after the company announced that its external debt was down to Rs 475 crore, against the earlier Rs 3,831 crore.  Reliance Infrastructure closed at Rs 282.73, up 20 per cent or Rs 47.12. According to an exchange filing on Wednesday, the company said that its net worth currently stands at Rs 9,041 crore. The company had completed a one-time settlement with Life Insurance Corporation relating to the issue of debent...
Reliance Infra share up on debt reduction announcement
Reliance Infra share up on debt reduction announcement
Source: IANS
2024-09-19 09:13:37 am
Sensex trades lower as RIL and ICICI Bank drag Indian stock indices opened lower on Monday as heavyweights like RIL and ICICI Bank emerged as the top losers in the morning trade.  At 9:48 a.m., Sensex was down 325 points or 0.41 per cent at 79,353 and Nifty was down 115 points or 0.47 per cent at 24,253. The market trend remains negative. On the Bombay Stock Exchange (BSE), 1,078 shares were trading in the green, while 1,892 shares were in the red. Selling is being seen in midcap and smallcap stocks. Nifty Midcap 100 index i...
Sensex trades lower as RIL and ICICI Bank drag
Sensex trades lower as RIL and ICICI Bank drag
Source: IANS
2024-08-12 10:46:27 am
Buy ICICI Bank Ltd For Target Rs.1,396 By Religare Broking Ltd Single digit top-line growth: ICICI Bank reported net interest income growth of 2.4% QoQ/7.3% YoY to Rs 195.5bn in Q1FY25 as the bank saw moderation in its margins with steady growth in assets. Owing to single digit top-line growth, its pre-provision operating profit grew by 0.6% QoQ/11% YoY to Rs 154.1bn. The bank saw increase in provision and contingencies by 85.4% QoQ/3.1% YoY as the bank credit cost start to normalize. Due to such increase in provisions, PAT was reported at 3.3% QoQ/14.6%...
Buy ICICI Bank Ltd For Target Rs.1,396 By Religare Broking Ltd
Buy ICICI Bank Ltd For Target Rs.1,396 By Religare Broking Ltd
Source: Religare Broking
2024-08-06 03:47:03 pm
Buy ICICI Bank Ltd For Target Rs.1,400 By Motilal Oswal Financial Services Steady quarter; robust other income drives earnings beat NIM moderates 4bp QoQ * ICICIBC reported a steady quarter, with 15% YoY growth in net earnings (4% beat). * NII was in line, while other income was strong, led by healthy treasury gains and dividends. NIMs inched down 4bp QoQ to 4.36%. * Credit growth was healthy at 15.7% YoY/3.3% QoQ, led by healthy traction in SME and BB, and relatively slower but decent growth in retail. Deposit growth was slower at 15.1% YoY/0.9% QoQ, si...
Buy ICICI Bank Ltd For Target Rs.1,400 By Motilal Oswal Financial Services
Buy ICICI Bank Ltd For Target Rs.1,400 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
2024-08-05 10:17:38 am
Buy ICICI Bank Ltd For Target Rs.1,400 By Motilal Oswal Financial Services Steady quarter; robust other income drives earnings beat  NIM moderates 4bp QoQ  * ICICIBC reported a steady quarter, with 15% YoY growth in net earnings (4% beat). * NII was in line, while other income was strong, led by healthy treasury gains and dividends. NIMs inched down 4bp QoQ to 4.36%.   * Credit growth was healthy at 15.7% YoY/3.3% QoQ, led by healthy traction in SME and BB, and relatively slower but decent growth in retail. Deposit growth was slower at 15....
Buy ICICI Bank Ltd For Target Rs.1,400 By Motilal Oswal Financial Services
Buy ICICI Bank Ltd For Target Rs.1,400 By Motilal Oswal Financial Services
Source: motilal oswal financial services
2024-08-03 10:54:43 am
Buy ICICI Bank s Ltd For Target Rs.1,400 By JM Financial Services ICICI Bank reported a beat in PAT at INR 110.6bn (+15%YoY, +3.3% QoQ, +5.9% JMFe) led majorly by treasury gains of INR 6.1bn coming in largely from redemption of security receipts. Margins held up well at 4.36% (-4bps QoQ) with NII growth of +7.3% YoY, +2.4% QoQ. Employee costs were elevated at INR 44bn (+17.5% YoY, +12.5% QoQ) which led to a PPoP of INR 160bn (+13%, +6.6% QoQ). Credit costs were higher at 47bps of total advances (vs 26bps QQ) due to higher slippages coming in from kisan cred...
Buy ICICI Bank s Ltd For Target Rs.1,400 By JM Financial Services
Buy ICICI Bank s Ltd For Target Rs.1,400 By JM Financial Services
Source: JM Financial Services
2024-08-02 09:57:45 am
ICICI Bank gains on reporting 10% rise in Q1 consolidated net profit ICICI Bank is currently trading at Rs. 1230.40, up by 22.70 points or 1.88% from its previous closing of Rs. 1207.70 on the BSE. The scrip opened at Rs. 1220.00 and has touched a high and low of Rs. 1239.95 and Rs. 1215.45 respectively. So far 471705 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1257.65 on 11-Jul-2024 and a 52 week low of Rs. 898.85 on 26-Oct-2023. Last one week high and low of the scrip stood...
ICICI Bank gains on reporting 10% rise in Q1 consolidated net profit
ICICI Bank gains on reporting 10% rise in Q1 consolidated net profit
Source: Accord Fintech
2024-07-29 10:34:30 am
ICICI Bank posts 14.6 pc rise in Q1 net profit at Rs 11,059 crore ICICI Bank, on Saturday, reported a 14.6 per cent increase in net profit to Rs 11,059 crore for the April-June quarter of the current financial year compared to the corresponding figure of Rs 9,648.2 crore in the same period last year. The bank's net interest income went up by 7.3 per cent to Rs 19,552.9 crore during the first quarter from Rs 18,227 crore in the year-ago period. The gross non-performing asset of the lender came in at 2.15 per cent. The net non-performing assets (NNP...
ICICI Bank posts 14.6 pc rise in Q1 net profit at Rs 11,059 crore
ICICI Bank posts 14.6 pc rise in Q1 net profit at Rs 11,059 crore
Source: IANS
2024-07-27 04:49:12 pm
ICICI Prudential MF introduces Nifty Oil & Gas ETF ICICI Prudential Mutual Fund has launched ICICI Prudential Nifty Oil & Gas ETF, an open-ended Exchange Traded Fund tracking Nifty Oil & Gas Index. The NFO opens for subscription on July 08, 2024 and closes on July 18, 2024. No Entry Load shall be charged for the scheme. The exit load is nil for the scheme. The minimum subscription amount is Rs 100 plus in multiples of Re 1 during the NFO. The performance of the Scheme is measured against Nifty Oil & Gas TRI and its fund manager...
ICICI Prudential MF introduces Nifty Oil & Gas ETF
ICICI Prudential MF introduces Nifty Oil & Gas ETF
Source: Accord Fintech
2024-07-08 03:53:13 pm
Sensex, Nifty trade flat as Titan, bank stocks top losers Benchmark equity indices on Monday snapped their three-day winning streak and traded flat in the morning hours. At pre-open, Nifty was flat at 24329.45 and the Sensex was lower by 0.1 per cent at 79915.00. Shares of Titan Co fell nearly 4 per cent after it reported subdued growth in the sales of its jewellery segment. Except capital goods, FMCG and all other sectoral indices traded in the red. Shares of ICICI Bank, HDFC Bank, Infosys and State Bank of India dragged the Nifty. T...
Sensex, Nifty trade flat as Titan, bank stocks top losers
Sensex, Nifty trade flat as Titan, bank stocks top losers
Source: IANS
2024-07-08 10:46:17 am
Sensex hits new all-time high on positive global cues  Indian equity benchmarks opened at a new record high on Thursday following positive cues from global peers. In early trading hours, Sensex and Nifty made a new all-time high of 80,374 and 24,400 respectively.  At 9:50 a.m., Sensex was 370 points or 0.46 per cent at 80,361, and Nifty 101 points or 0.42 per cent at 24,392. Among the sectoral indices, Auto, IT, Metal, Realty, Energy, and Infra are major gainers, and Pharma and Healthcare are major losers. Tata Motors, ICICI B...
Sensex hits new all-time high on positive global cues
Sensex hits new all-time high on positive global cues
Source: IANS
2024-07-04 10:57:13 am
Sensex trades flat amid selling in midcap stocks Indian equity benchmarks opened flat on Wednesday following selling pressure on midcap stocks.  At 9:42 a.m., Sensex was up 49 points or 0.06 per cent, at 78,103 and Nifty was down 11 points or 0.05 per cent, at 23,709. The Nifty Midcap 100 index fell 75 points or 0.13 per cent to 55,294 and the Nifty Smallcap 100 index rose 41 points or 0.23 per cent to 18,284. UltraTech Cement, ICICI Bank, L&T, Tata Motors, NTPC, Kotak Mahindra and TCS are the top gainers. M&M, Tata St...
Sensex trades flat amid selling in midcap stocks
Sensex trades flat amid selling in midcap stocks
Source: IANS
2024-06-26 11:18:17 am
Sensex trades flat on mixed global cues Indian equity indices on Tuesday opened in the red on mixed global cues. Frontline indices are trading in a narrow range. At 9:45 a.m., Sensex was down 10 points at 76,480 and Nifty was up 2 points, at 23,261.  Broader markets are in an uptrend. The Nifty midcap 100 index is up 248 points or 0.47 per cent, at 53,483 and the Nifty smallcap 100 is up 71 points or 0.41 per cent, at 17,546. India VIX, an indicator of market volatility, is down 3.72 per cent, at 15.78 points. Among t...
Sensex trades flat on mixed global cues
Sensex trades flat on mixed global cues
Source: IANS
2024-06-11 10:36:17 am
Adani One partners with Cleartrip to provide users bus travel options Adani One on Friday said that it partnered with Flipkart-owned online travel aggregator Cleartrip to enhance the travel experience for its users by providing the widest range of bus travel options at competitive fares.  Cleartrip will provide Adani One user access to more than three lakh routes and over 10 lakh bus connections from private operators and state transport buses, the company said. Adani One’s association with Cleartrip spans multiple offerings, including flights ...
Adani One partners with Cleartrip to provide users bus travel options
Adani One partners with Cleartrip to provide users bus travel options
Source: IANS
2024-06-07 04:11:30 pm
Bank stocks trade higher after RBI keeps repo rate unchanged at 6.5% Banking stocks are trading higher on the BSE, after the Reserve Bank of India’s (RBI’s) Monetary Policy Committee (MPC) has decided to Keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 per cent for the eighth consecutive time. Consequently, the standing deposit facility (SDF) rate remains unchanged at 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate at 6.75 per cent. The MPC also decided to remain focused on with...
Bank stocks trade higher after RBI keeps repo rate unchanged at 6.5%
Bank stocks trade higher after RBI keeps repo rate unchanged at 6.5%
Source: Accord Fintech
2024-06-07 02:42:44 pm
Analysts remain bullish on private banks stocks, say 'fundamentals' strong As private bank stocks recovered sharply this week, a Goldman Sachs analysis has said this offers opportunities to investors to "accumulate" private bank stocks.  The global brokerage firm said in a note that the fundamentals are more important than the narrative and "we continue to favour private banks over PSUs". The Bank Nifty index saw a sharp recovery from its 200-day moving average, closing above its rising trendline on Wednesday. Shares of HDFC Bank, I...
Analysts remain bullish on private banks stocks, say 'fundamentals' strong
Analysts remain bullish on private banks stocks, say 'fundamentals' strong
Source: IANS
2024-06-06 02:55:27 pm
Bank Sector Update : Axis vs ICICI Bank: Revisiting performance gap over recent years - Motilal Oswal Financial Services Ltd Estimate RoA gap to sustain at 40-50bp; maintain preference for ICICIBC * ICICIBC has outperformed AXSB in four out of the past five fiscals, while on a cumulative basis, ICICI Bank’s stock has outperformed AXSB by 143% over the past five years. We note that since our AXSB rating downgrade, ICICIBC has outperformed AXSB by ~11% in the past few months. * We believe that owing to constraints on the CD ratio and challenges in garnering retail d...
Bank Sector Update : Axis vs ICICI Bank: Revisiting performance gap over recent years - Motilal Oswal Financial Services Ltd
Bank Sector Update : Axis vs ICICI Bank: Revisiting performance gap over recent years - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
2024-06-05 10:55:49 am
Adani One, ICICI Bank launch India`s 1st credit cards with airport-linked benefits Marking its maiden venture in the financial sector, Adani One on Monday introduced India's first co-branded credit cards with ICICI Bank, along with airport-linked benefits in collaboration with Visa.  The cards offer an array of benefits, including welcome benefits like free air tickets and airport privileges like premium lounge access, ‘Pranaam Meet & Greet Service’, porter, valet and premium car parking. The Adani One ICICI Bank Signature Credit Card carr...
Adani One, ICICI Bank launch India`s 1st credit cards with airport-linked benefits
Adani One, ICICI Bank launch India`s 1st credit cards with airport-linked benefits
Source: IANS
2024-06-04 10:05:40 am
CarDekho Group introduces TractorsDekho for farming community Autotech company CarDekho on Wednesday launched a new online platform called TractorsDekho, that will serve the needs of the farming community by providing resources tailored specifically to tractors. With this move, CarDekho Group has forayed into the commercial and agricultural vehicle division. The new platform will help farmers simplify the complex decision-making process regarding farm equipment. "Recognising the critical role tractors play for farmers and their struggle wi...
CarDekho Group introduces TractorsDekho for farming community
CarDekho Group introduces TractorsDekho for farming community
Source: IANS
2024-05-08 12:41:28 pm
Sensex falls 300 points as equities selloff continues Sensex fell by 300 points on Wednesday as the selloff in equities continues. Indian equities continued to sell off for the fourth consecutive session on Wednesday. BSE Sensex was trading at 73,201 points, down by 309 points. Benchmark indices have closed in the red for three sessions in a row. Indian markets are in a downward spiral on account of massive FII selling and rising volatility. FIIs sold equities worth Rs 3668 crore on Tuesday. India’s volatility index has spiked in the...
Sensex falls 300 points as equities selloff continues
Sensex falls 300 points as equities selloff continues
Source: IANS
2024-05-08 12:33:28 pm
Hold ICICI Bank Ltd. For Target Rs.1,208 By Sushil Financial Services Key Highlights of Q4FY24 Results Net additions of Rs.1,220 cr to gross NPAs in the current quarter compared to Rs.3,630 cr in the previous quarter. The sequential increase is primarily due to higher recoveries and upgrades from the corporate and SME portfolio during the previous quarter. The net additions to gross NPAs were Rs.1,710 cr in the retail, rural and business banking portfolios and there were net deletions of gross NPAs of Rs.490 cr in the corporate and SME portfolio. The gross N...
Hold ICICI Bank Ltd. For Target Rs.1,208 By Sushil Financial Services
Hold ICICI Bank Ltd. For Target Rs.1,208 By Sushil Financial Services
Source: Sushil Financial Services
2024-05-08 10:31:21 am
ICICI Bank now lets NRIs use international numbers for UPI payments in India  ICICI Bank on Monday announced that it has enabled NRI (Non-Resident Indian) customers to use their international mobile number to make UPI payments instantly in India. This will allow the bank's NRI customers to make payments for their utility bills, merchant and e-commerce transactions with their international mobile number registered with their NRE/NRO bank account held with ICICI Bank in the country. "This launch reinforces our commitment to provide our NRI customers ...
ICICI Bank now lets NRIs use international numbers for UPI payments in India
ICICI Bank now lets NRIs use international numbers for UPI payments in India
Source: IANS
2024-05-07 09:59:22 am
ICICI Bank inches up on getting nod to raise up to Rs 25000 crore in domestic markets ICICI Bank is currently trading at Rs. 1159.45, up by 0.65 points or 0.06% from its previous closing of Rs. 1158.80 on the BSE. The scrip opened at Rs. 1160.00 and has touched a high and low of Rs. 1169.30 and Rs. 1153.25 respectively. So far 189835 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1169.30 on 30-Apr-2024 and a 52 week low of Rs. 898.85 on 26-Oct-2023. Last one week high and low of the scrip stood ...
ICICI Bank inches up on getting nod to raise up to Rs 25000 crore in domestic markets
ICICI Bank inches up on getting nod to raise up to Rs 25000 crore in domestic markets
Source: Accord Fintech
2024-04-30 03:39:04 pm
ICICI Bank shines on reporting 18% rise in Q4 consolidated net profit ICICI Bank is currently trading at Rs. 1130.80, up by 23.65 points or 2.14% from its previous closing of Rs. 1107.15 on the BSE. The scrip opened at Rs. 1109.35 and has touched a high and low of Rs. 1132.95 and Rs. 1109.00 respectively. So far 130325 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,131.70 on 29-Apr-2024 and a 52 week low of Rs. 898.85 on 26-Oct-2023. Last one week high and low of the scrip stoo...
ICICI Bank shines on reporting 18% rise in Q4 consolidated net profit
ICICI Bank shines on reporting 18% rise in Q4 consolidated net profit
Source: Accord Fintech
2024-04-29 10:35:29 am
ICICI Bank posts 17 per cent rise in Q4 net profit at Rs 10,707cr; declares dividend of Rs 10 per share The country's second-largest private sector lender ICICI Bank, on Saturday reported a 17.38 per cent increase in net profit to Rs 10,707 crore for the January-March quarter of the financial year 2023-24, compared to the corresponding figure of Rs 9,122 crore in the same quarter a year ago. The bank has recommended a dividend of Rs 10 per share. ICICI Bank recorded an 8 per cent increase in net interest income (NII) at Rs 19,093 crore for the quarter compared to Rs 17,667 crore repor...
ICICI Bank posts 17 per cent rise in Q4 net profit at Rs 10,707cr; declares dividend of Rs 10 per share
ICICI Bank posts 17 per cent rise in Q4 net profit at Rs 10,707cr; declares dividend of Rs 10 per share
Source: IANS
2024-04-28 09:02:53 am
Buy ICICI Bank Ltd For Target Rs.1260 - Yes Securities ICICI’s RoA seems to settle at a premium level Our view – Sequential margin compression slightly worse than otherwise due to non-structural factors A 10 bps sequential margin compression was contributed to by multiple nonstructural factors, other than rise in cost of deposits: The key reason for the sequential decline in NIM was the lagged impact of rise in cost of deposits. The yield on advances declined 2 bps QoQ to 9.79%. The impact from interest on income tax refund on ...
Buy ICICI Bank Ltd For Target Rs.1260 - Yes Securities
Buy ICICI Bank Ltd For Target Rs.1260 - Yes Securities
Source: Yes Securities Ltd.
2024-04-26 12:13:04 pm
Biofuels firm GPS Renewables raises $50 mn from private, public sector banks Full-stack biofuels company GPS Renewables on Tuesday said that it raised $50 million (about Rs 411.5 crore) in debt financing from leading private and public sector banks, as well as prominent NBFCs (Non-Banking Financial Companies). Punjab National Bank, HDFC, Yes Bank, HSBC Bank, Kotak Mahindra Bank, ICICI Bank, Citibank, Vivriti Capital, Northern Arc, Spark Capital, Tata Capital and SIDBI were the institutions that participated in the current financing round. "To further accele...
Biofuels firm GPS Renewables raises $50 mn from private, public sector banks
Biofuels firm GPS Renewables raises $50 mn from private, public sector banks
Source: IANS
2024-04-16 04:16:20 pm
More than 74 pc stocks decline in negative market breadth The market breadth is extremely negative on Monday with more than 74 per cent of the stocks declining. Only 22 per cent of the stocks are advancing. As many as 2924 stocks are declining while only 886 are advancing. While the Sensex is down more than 500 points, the extent of the fall in the broader markets is far more accentuated as the advance-decline ratio suggests. While the benchmark Sensex is down 0.7 per cent, the BSE IPO index is down sharply by 1.77 per cent. Similarly, t...
More than 74 pc stocks decline in negative market breadth
More than 74 pc stocks decline in negative market breadth
Source: IANS
2024-04-15 01:46:44 pm
Valuation gap between mid-tier and frontline banks has narrowed With outperformance by other private and mid-tier PSU banks, the valuation gap between mid-tier and frontline banks has narrowed, Elara Securities said. Frontline banks – HDFC, ICICI and Kotak Mahindra among private banks – and State Bank of India among PSU banks underperformed. Lack of significant asset quality challenges and better growth may ensure sustained rerating for PSU banks based on earnings stability, Elara Securities said. In the past month, the Bank Nifty has...
Valuation gap between mid-tier and frontline banks has narrowed
Valuation gap between mid-tier and frontline banks has narrowed
Source: IANS
2024-04-04 04:08:44 pm
Private sector banks lead Sensex lower BSE Sensex is trading at 73,857 points, down by 157 points. Private sector banks are down in trade with ICICI Bank down more than 1 per cent, Kotak Mahindra is also down almost 1 per cent. Since the global construct is slightly negative as evidenced by the rising dollar and rising US bond yields, the FPIs may be tempted to sell, says V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services. FPI selling is not having any major impact on the market since DIIs, HNIs and r...
Private sector banks lead Sensex lower
Private sector banks lead Sensex lower
Source: IANS
2024-04-02 12:40:35 pm
Buy ICICI Bank Ltd. For Target Rs.1,230 By Motilal Oswal Financial Services Another remarkable quarter; remains preferred pick Earnings inline despite AIF provisioning  ICICI Bank (ICICIBC) reported a strong performance in 3QFY24, with 24% YoY growth in net earnings (inline) despite making AIF provisions of INR6.3b. NIMs contracted 10bp QoQ to 4.43% (better than estimate).  Credit growth was healthy at 19% YoY/4% QoQ, led by continued traction in Retail, SME and BB segments. Deposit growth was also steady at 19% YoY/2.9% QoQ.  On the asset ...
Buy ICICI Bank Ltd. For Target Rs.1,230 By Motilal Oswal Financial Services
Buy ICICI Bank Ltd. For Target Rs.1,230 By Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
2024-03-29 09:32:06 am