Business Standard

ICICI Bank Q2: Analysts expect sustained outperformance, up to 24% upside

ICICI Bank Q2 result review: ICICI Bank shares hit record high of Rs 942.7 apiece as the lender outperformed peers on every metric in Q2FY23

Web Exclusive Premium


Nikita VashishtDeepak Korgaonkar New Delhi / Mumbai
Shares of ICICI Bank hit a record high of Rs 942.7 apiece, surpassing their previous high of Rs 936.35 reached on September 15, as the lender outperformed peers on every metric, from core pre-provision operating profit and treasury to buffer provisions, in the July-September quarter (second quarter, or Q2) of 2022-23 (FY23). They eventually settled flat at Rs 924.6 apiece, against a 0.48 per cent dip in the S&P BSE Sensex.

Analysts remain bullish on the stock and see up to 24 per cent upside on steady performance, even on a high base of last year. The one-year target price

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

First Published: Oct 25 2022 | 10:18 AM IST

Explore News

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

Key stories on are available only to BS Premium subscribers.

Register to