Jefferies sees this private lender rising 50% in 1 year; says has best risk-reward ratio
Updated: 27 Jun 2022, 04:43 PM IST
TL;DR.
In the base case scenario, Jefferies has set a target price of ₹1,070 for the stock. However, it can hit ₹1,170 (in bull case scenario), indicating a possible upside of 64 percent from the current levels. Meanwhile, Jefferies' bear case scenario has a target price of ₹660 for the stock.In the base case scenario, Jefferies has set a 12-month target price of ₹1,070 for the stock. However, it stated that if a few things go in ICICI Bank's favour, it can hit ₹1,170 (in the bull case scenario), indicating a possible upside of 64 percent from the current levels. Meanwhile, Jefferies' bear case scenario has a target price of ₹660 for the stock.