ICICI Bank Jumps Most In A Week To Record

Shares of ICICI Bank jumped over 2%, most in a week, to a record Rs 936.65 apiece.

The relative strength index of the stock is at 75, suggesting it may be overbought.

The stock has outperformed the benchmark, rising 27% in 2022 so far compare to 5% rise for Sensex.

Of the 53 analysts tracking the company, 52 maintain ‘buy’, one suggests ‘hold’. The overall consensus price of analysts tracked by Bloomberg implies anu pside of 8.3%.

CLSA reiterated ‘buy’ and raised target to Rs 1,150 (implied return of 23.31%) while Morgan Stanley reiterated ‘overweight/attractive’, and kept target unchanged at Rs 1,225 (implied upside of 31.44%).

Source: Bloomberg

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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