External broker reports(aggregated public sources), HDFC Securities

HDFC Securities

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

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External broker reports(aggregated public sources)

HDFC securities is the best online trading platform for stocks, IPOs, mutual fund in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<p>With consistent superior overall performance, ICICIBC is poised for market share gains across segments, delivering a ~15% RoE by FY23E. We raise our FY23-FY24E loan growth estimates and maintain BUY with a revised TP of INR890 (standalone bank at 2.7x Sep'23 ABVPS). In the banking sector, ICICIBC remains our top pick. ICICI Bank (ICICIBC) hosted its annual flagship Analyst Day, which was dominated by a showcase of early inroads into the banktech journey across B2C and B2B segments. Beyond the technology jargon, ICICIBC continues to drive its industry-first tech initiatives with increasing traction in NTB customer acquisition, 130+ FinTech partnerships, and ecosystem banking to accelerate business growth.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

With consistent superior overall performance, ICICIBC is poised for market share gains across segments, delivering a ~15% RoE by FY23E. We raise our FY23-FY24E loan growth estimates and maintain BUY with a revised TP of INR890 (standalone bank at 2.7x Sep'23 ABVPS). In the banking sector, ICICIBC remains our top pick. ICICI Bank (ICICIBC) hosted its annual flagship Analyst Day, which was dominated by a showcase of early inroads into the banktech journey across B2C and B2B segments. Beyond the technology jargon, ICICIBC continues to drive its industry-first tech initiatives with increasing traction in NTB customer acquisition, 130+ FinTech partnerships, and ecosystem banking to accelerate business growth.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ICICI Bank (Update): Blossoming into a BankTech; positive for growth. Maintain BUY

ICICI Bank Ltd

ICICI Bank (Update): Blossoming into a BankTech; positive for growth. Maintain BUY