Motilal Oswal reiterated a Buy rating on ICICI Bank with a target price of ₹1,500, implying an upside of approximately 19% from the CMP of ₹1,259.60. MOSL lauded ICICI’s all-around performance, improved asset quality, and cost control.
Key Highlights:
- Robust Business Growth: The bank reported strong business growth with NIM moderation.
- Improved EPS Estimates: MOSL raised its EPS estimates by 2.8% and 1.8% for FY25 and FY26, respectively.
- Projected RoA and RoE: Estimated RoA of 2.19% and RoE of 17.4% in FY26.
Disclaimer: This article is for informational purposes only and does not constitute financial advice
