INDIA MARKET LENS
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Azad Engineering shares: Up 85% in 6 months; stock to buy, says ICICI Securities - Check revised share price target

ICICI Bank secured new business.

· LiveMint Markets

Azad Engineering stock surged 77% in the past year, supported by strategic expansions and improved order visibility, leading to an upgraded target price from ICICI Securities to ₹3,200.

ICICI Bank reported ₹3,200, with movement of 85% and 77% attached to those lines. 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 -0.9% 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.

  • The company directly in focus is ICICIBANK.
  • Sector exposure: Banks.
  • The immediate tone of coverage reads positive.