Analysts see 42% upside in ICICI Bank on market share gain, credit growth

ICICI Bank Q4 review: With steady growth delivery, strong asset quality, and low credit costs, the bank can continue to drive steady low-risk returns with consistent earnings per share compounding

ICICI Bank Q4 review: ICICI Bank stock could be eyeing re-rating all through financial year 2022-23 (FY23) as the lender ended FY22 with an all-round performance in March quarter (Q4FY22), analysts said.

While most brokerages have either positively revised their earnings/return-ratio expectations, some have maintained their previous forecast to factor-in economic uncertainty and peaking of margin growth.

Yet, analysts said that with steady growth delivery, strong asset quality, and low credit costs, ICICI Bank can continue to drive steady low-risk returns with consistent earnings per