Om Mehra, technical analyst of SAMCO Securities believes that ICICI Bank sharp price can rally to a new high; while the key support for HDFC Bank stock now stands at ₹772 on the charts.
ICICI Bank's Q1 FY27 earnings beat estimates on strong loan growth, higher fee income and lower credit costs, leading analysts to raise earnings forecasts
HDFC Bank and Axis Bank were down 5 per cent each, while Yes Bank and Kotak Mahindra Bank from the Nifty Bank index were down 4 per cent each in intra-day deals on Monday.
ICICI Bank share price jumped 2.5 per cent in early trade on Monday after better-than-expected Q1 results. Brokerages see up to 25 per cent upside for the stock.
Leading private lenders expect lending momentum to continue after strong June-quarter growth, with companies increasingly opting for bank loans over costlier bond market borrowings
Net interest income rose 12.3 per cent to ₹29,177.13 cr, while NIM rose marginally to 4.36; consolidated advances grew 19.6 per cent to ₹17.29 trillion, and deposits were up 14 per cent to ₹18.70 trn
Q1FY27 company results: Firms including ICICI Bank, Punjab National Bank, IDBI Bank, Yes Bank, Punjab & Sind Bank, Can Fin Homes, and JK Cement are also to release their April-June earnings today
ICICI Bank is slated to post its June quarter earnings this Saturday, along with several other leading private banking names like HDFC Bank and Axis Bank.
Banking and financial stocks led the market rally on Wednesday, ahead of upcoming Q1FY27 results from major private lenders, including HDFC Bank, Axis Bank and ICICI Bank, due over the weekend.
India's banking sector is set to kick off the Q1FY27 earnings season, and early estimates point to another healthy quarter. Strong loan growth, stable asset quality, and treasury gains
ICICI Prudential Life will seek IRDAI approval to reclassify Prudential as an investor after the UK insurer agreed to acquire a 75 per cent stake in Bharti Life Insurance
Ban stocks are in the spotlight today as the RBI allowed domestic lenders to extend loans to non-residents against foreign currency deposits, including via their offshore branches.