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ICICI Bank rides high on improved investor sentiment

Demonetisation has been a boon for ICICI Bank

Hamsini Karthik 

From a year ago, when over half of the analysts tracking the ICICI Bank stock were cautious, a lot has changed in its favour. As of June 1, over 85 per cent recommend 'buy' on the stock, suggesting that optimism for the bank is higher now than a year ago.

With this, the gap between the number of 'buy' calls on ICICI Bank is not too different from that of HDFC Bank. The ICICI Bank stock hit a fresh 52-week high on Thursday, reflecting the Street's confidence about the bank's prospects. The reason for the optimism is ICICI Bank's ability to rapidly expand ...

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First Published: Thu, June 01 2017. 23:25 IST