Brokerages bullish on ICICI Bank after Q1 earnings
  • WebDesk BTVI
  • Jul 29 2019

Most brokerage firms sound bullish on ICICI Bank with most giving it a ‘Buy’ rating. CLSA says ICICI Bank is a high conviction buy despite the bank’s profit being a tad below estimates. CLSA adds that it expects the bank’s earnings turnaround in FY20 as well as a 15-16% rise in ROE. Kotak Institutional Equities says the bank’ slippages are within normalised levels.