Economic TimesLean R·
Brokerages back ICICI Bank on strong Q2 earnings, see HDFC Bank recovery ahead
Top brokerages remained bullish on ICICI Bank and HDFC Bank after their September quarter earnings, though their assessments of the two lenders differed sharply. Analysts were upbeat about ICICI Bank’s stronger-than-expected earnings and resilient asset quality, reinforcing its position as a preferred stock among large private sector banks. Their assessment of HDFC Bank was more measured after the lender reported modest profit growth and pressure on margins. However, attractive valuations, pros…
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