 "In terms of FY21 loan and earnings growth estimates, ICICI Bank figures high among top large private players.")
At a time when there is extreme cautiousness around banking stocks and analysts are downgrading their rating on the sector, not sparing even the frontline names, ICICI Bank stands out as an exception. For one, it hasn’t received any downgrade thus far and all analysts tracking the stock have a positive rating (a couple have hold) on it according to Bloomberg polls.
Also, seen in the larger context of one-year price correction, ICICI Bank’s 10 per cent decline fares better than HDFC Bank or Axis Bank’s 20 per cent and 41 per cent fall, respectively. That ICICI Bank was the
