Macquarie stock recommendations: ICICI Bank, SBI, PayTM to LIC — top 11 financial shares to buy on rerating potential
ICICI Bank is in focus.
· LiveMint Markets
Macquarie stock recommendations: The global brokerage is expecting a turn around in the Indian financial…
The analysis
Against that, the stock is -0.9% on the day at ₹1,344.90, and has returned -2.1% over three months. It sits 8% below its 52-week high. The banks sector has moved -1.7% over the same period, so ICICI Bank is running 0.4 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.
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