Shares of ICICI Bank jumped over 2%, most in a week, to a record Rs 936.65 apiece.
The relative strength index of the stock is at 75, suggesting it may be overbought.
The stock has outperformed the benchmark, rising 27% in 2022 so far compare to 5% rise for Sensex.
Of the 53 analysts tracking the company, 52 maintain ‘buy’, one suggests ‘hold’. The overall consensus price of analysts tracked by Bloomberg implies anu pside of 8.3%.
CLSA reiterated ‘buy’ and raised target to Rs 1,150 (implied return of 23.31%) while Morgan Stanley reiterated ‘overweight/attractive’, and kept target unchanged at Rs 1,225 (implied upside of 31.44%).
Source: Bloomberg
