S&P affirms 'BBB-' rating on ICICI Bank on improved asset quality
ICICI Bank: The brokerage has a 'buy' call on the stock with a target price of ₹990 per share for the stock, indicating an upside of 33 percent. Strong traction in loan book, strengthening operating performance and comfort on asset quality are key positives for the stock, it said. The bank has been outperforming its peers and has been ticking most boxes on growth, margins and asset quality added the brokerage. On the valuation front, it believes the bank continues to be on a comfortable footing.