Business Standard

Analysts remain bullish on ICICI Bank despite near-term concerns

On Thursday, the counter moved up nearly 3 per cent to Rs 375 levels in intra-day trade, as compared to 0.6 per cent rise in the S& BSE Sensex and 0.7 per cent up move in the S&P BSE Bankex.

Tata Investment Corp board approves Rs 4.5-billion share buyback
Web Exclusive Premium

Puneet Wadhwa New Delhi
Despite the fall in ICICI Bank’s net profit for the third quarter ended December 2018 (Q3FY19) and the outcome of probe against its former chief executive and managing director Chanda Kochhar, analysts remain bullish on the stock from a long-term perspective.  

On Thursday, the counter moved up nearly 3 per cent to Rs 375 levels in intra-day trade, as compared to 0.6 per cent rise in the S& BSE Sensex and 0.7 per cent up move in the S&P BSE Bankex.

A probe panel headed by former Supreme Court Judge B N Srikrishna found Kochhar in violation of bank’s code

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 31 2019 | 10:49 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com