ICICI Lombard Q2 Review: Jefferies Maintains 'Buy', HSBC Retains 'Hold' After Q2 Upbeat
ICICI Bank left its position unchanged in a quarterly results development.
· NDTV Profit
Jefferies' target price of Rs 2,050 is Rs 230 higher than HSBC's revised target of Rs 1,820, underlining the difference in their outlook for the stock.
The analysis
ICICI Bank reported Rs 2,050, Rs 230 and Rs 1,820,. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +2.7% on the day at ₹1,374.20, and has returned -3.7% over three months. It sits 6% below its 52-week high. The banks sector has moved -3.1% over the same period, so ICICI Bank is running 0.6 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.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is ICICIBANK.
- Sector exposure: Banks, Insurance.
In this story
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