Brokerages stay upbeat on ICICI Bank, HDFC Bank outlook mixed
In short
Brokerages stayed positive on ICICI Bank after its recent quarter, and they also see a recovery ahead for HDFC Bank. The reports say ICICI Bank had strong earnings and asset quality, while HDFC Bank’s profit growth was modest and margins were under pressure.
This matters because both banks are key names in the Indian market. The summaries do not give the target prices or say how much the shares fell on Monday.
What the reporting says
Brokerages remained optimistic on ICICI Bank after its recent quarter, while also seeing potential recovery ahead for HDFC Bank, according to market summaries. The reports say ICICI Bank’s earnings and asset quality were strong, while HDFC Bank posted modest profit growth and margin pressure. Both stocks fell on Monday with broader indices, and the summaries cite target-price upside without giving numbers.
Why it matters
Brokerages turned positive on ICICI Bank after its recent quarterly earnings and asset-quality performance, while taking a more cautious view on HDFC Bank because of modest profit growth and margin pressure. The summaries also say both stocks fell on Monday alongside broader market indices. The immediate implication is continued analyst support for both lenders, but the size of the upside is not provided.