scorecardresearchJefferies sees this private lender rising 50% in 1 year; says has best risk-reward ratio

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  <span class='webrupee'>₹</span>1,070 for the stock. However, it stated that if a few things go in ICICI Bank's favour, it can hit  <span class='webrupee'>₹</span>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  <span class='webrupee'>₹</span>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.