ICICI Bank share price: Motilal Oswal sees 41% upside. Should you buy?
New Delhi, June 4 -- ICICI Bank share price jumped as much as 1.5% to Rs.1,261.60 apiece on the NSE in Thursday's trading session and was the top index contributor today. Brokerage firm Motilal Oswal Services reiterated its bullish stance on the leading Indian private lender and projected a potential upside of 41% for ICICI Bank.
The brokerage has maintained a "buy" rating on the country's second-largest private sector lender and set a target price of Rs.1,750 per share.
"We build in FY28E RoA/RoE of 2.3%/16.2%. ICICIBC remains our top BUY within the banking sector, with a TP of INR1,750 (2.5x Sep'27E standalone ABV)," the firm said in a note.
The brokerage firm further added that the ICICI Bank share price has delivered tepid performa...
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