Bajaj Consumer, Fedbank Financial In Focus After Q2 Results; ICICI Securities Sees Up To 46% Upside
ICICI Bank secured new business in a quarterly results development.
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ICICI Securities has maintained its Buy ratings on Bajaj Consumer Care and Fedbank Financial Services following their september-quarter earnings, citing healthy business growth and improving profitability.
The analysis
ICICI Bank reported movement of 46%. 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 +0.2% on the day at ₹1,392.80, and has returned -1.9% over three months. It sits 5% below its 52-week high. The banks sector has moved -4.0% over the same period, so ICICI Bank is running 2.1 points ahead of 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, Financial Services, Consumer & Retail.
In this story
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