Advice to buy ICICI Bank shares
New Delhi. Today on Monday, there is a decline in the shares of ICICI Bank (ICICI Bank Share Price). At around 2 pm, the bank's shares were down 2.23 per cent at Rs 1,380.10 on BSE. But Anand Rathi has advised to bet on ICICI Bank shares and has also given many reasons for this. Let us know what is the target price of the share and why it is advised to buy it.
What is the target of ICICI Bank?
Anand Rathi in his new report has given a target of Rs 1,713 for ICICI Bank's share, whereas its share is currently at Rs 1,380.10. That means it can make 24 percent profit from the current price.
Why did you advise to buy?
Speaking on ICICI Bank's quarterly results, Anand Rathi said its credit growth in the October-December quarter stood at 11.5% year-on-year, higher than 10.3% in Q2FY26. Whereas the net interest margin remained stable. Despite a seasonally weak quarter, asset quality remained stable. Management expects credit growth to pick up further. The brokerage firm expects further pick-up in retail growth and stable asset quality, resulting in RoE (return on equity) of more than 15%.
ICICI is preferred over HDFC Bank
Anand Rathi said that we prefer ICICI over HDFC Bank with a BUY rating, as it is comparatively better positioned to deal with the growth margin trade-off and maintains RoE delta over HDFC Bank.
The brokerage firm said that despite a seasonally weak quarter, ICICI Bank's asset quality remained strong, with gross/net slippage at 152/59 basis points. Core credit cost increased to 36 basis points (from 26 basis points in Q2FY26), mainly due to one-time provisioning of Rs 12.8 billion on the bank's agri portfolio on RBI instructions. Notably, Axis Bank also faced a similar problem in Q2FY26, due to which the portfolio was removed from the priority category.
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(Disclaimer: The opinion given here on the stock is based on the information provided by a brokerage firm. Jagran Business is not giving investment advice. Investing in the stock market is subject to market risks, so please consult a certified investment advisor before investing.)
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