ICICI Bank Ltd: Outperformance Continues; Maintain BUY
We maintain a BUY rating on the stock with a revised target price of Rs 1,000 (SOTP basis core book at 2.8x FY24E ABV and Rs 173 Subsidiary Value),...
219 Views
Citi’s Well-Off Retail Clients May Not Travel Meekly to Axis Bank
The acquisition will depend on the bulk of Citibank’s premier customers being retained by Axis Bank. Recent developments regarding the toxic work...
313 Views
BFSI Q4FY22 Result Preview – Growth Momentum Robust; Asset Quality Pressures to Ease
We expect loan growth momentum for banks to sustain on a sequential basis, mainly driven by Retail/SME segments. Deposit growth continues to remain...
198 Views
Q4FY22 Result Preview: Management Commentaries on the Outlook Stand Critical
OUR TOP 10 “TRADING BUYs” Earnings Play: SBI, ICICI bank, Tata Steel, Nalco, Ashok Leyland, Eicher Motors, PSP Projects, ITC, Varun beverages, Tech...
268 Views
Banking & Financials Sector: Credit Growth Picking Up; Lower Provisions to Drive Earnings
Credit growth picking up; lower provisions to drive earnings We expect strong earnings performance from banks in 4QFY22, driven by: (1) improving...
164 Views