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ICICI Bank sees positive reaction to quarterly results

Jul 29, 2019 14:59 IST

 ICICI Bank has reported a quarterly net profit of Rs 1,908 crore versus a net loss of Rs 120 crore in the same quarter a year ago. The jump was bolstered by lower provisions and higher retail loan growth. Brokerage house, Jefferies says it maintains a 'buy' on the stock and has raised its target to Rs 480 per share. HDFC Securities is also bullish on the stock saying it is currently the cheapest large private bank and is showing continuous improvement in core parameters.

ICICI Bank sees positive reaction to quarterly results

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