ICICI Bank Reports Strong Q2 Performance, Attracts Investors Amid Stock Market Turmoil
1 year, 1 month ago

ICICI Bank Reports Strong Q2 Performance, Attracts Investors Amid Stock Market Turmoil

News 18  

The worldwide decline in stock markets, largely attributed to the Israel-Hamas conflict, has created a unique scenario that presents investment opportunities. One specific stock that has experienced a notable downturn during these turbulent conditions is that of ICICI Bank, one of India’s prominent financial institutions. According to reports, HDFC Securities, a domestic brokerage house, has recommended buying shares of ICICI Bank, setting a target price of Rs 1190. ICICI Bank’s stock price has dipped approximately 1 per cent over the past month, falling from Rs 1008 to Rs 917.40. Furthermore, the bank’s interest income also rose by an impressive 24 per cent on an annual basis, climbing from Rs 14,786.81 crore to Rs 18,307.91 crore in the second quarter of the financial year.

History of this topic

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