ICICI Bank Remains Motilal Oswal's Preferred 'Buy' In The Sector Post Robust Q2 Results — Check Target Price

ICICI Bank continues to deliver an exemplary performance, rising above all sectoral challenges, as it sustains RoA in the range of 2.3-2.4%, which is even beyond the aspirational level for most banks..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.ICICI Bank Ltd. reported another commendable quarter, wherein the bank saw healthy net interest margins, lower provisions, controlled slippages and contained opex. Its focus on the betteryielding assets has helped the bank to have fair control over NIM compression, with next quarter expected to have the benefit of CRR cuts and cost of fund repricing. ICICI Bank’s investment in technology has resulted in consistent productivity gains, along with market share gains and steady improvement in cost ratios. Asset quality remains under control, while ECL impact is expected to be fairly manageable for the bank. The bank continues to carry a contingency provisioning buffer of Rs 131 billion (0.9% of loans). We maintain our earnings estimates and expect FY27E RoA/RoE of 2.3%/17.0%. ICICI Bank remains our preferred Buy in the sector with a revised target price of Rs 1,700 (2.8x FY27E adjusted book value)..Click on the attachment to read the full report:.ICICI Bank Q2 Results: Profit Rises 5%, NII Up 7%.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Bank Remains Motilal Oswal's Preferred 'Buy' In The Sector Post Robust Q2 Results — Check Target Price

Motilal Oswal maintains 'Buy' on the stock post exemplary Q2 results, revises target price.

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