Gujarat State Petronet falls sharply from day#39;s high as tariff cut triggers flurry of downgrades
ICICI Bank secured new business.
· Moneycontrol Buzzing
The sharp tariff cut, which poses a threat to GSPL#39;s financial performance, prompted brokerages such as Kotak, Nuvama, Emkay Global and ICICI Securities to downgrade the…
The analysis
Against that, the stock is -0.3% on the day at ₹1,352.90, and has returned -2.0% over three months. It sits 8% below its 52-week high. The banks sector has moved -1.5% over the same period, so ICICI Bank is running 0.5 points behind its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is ICICIBANK.
- Sector exposure: Banks, Financial Services.
- The immediate tone of coverage reads negative.
In this story
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