The Daily PulseBusiness
Brokerages upbeat on ICICI Bank earnings, cautious on HDFC Bank outlook
Reported by Kunal Bhatia (Senior Writer) · Economic Times - Markets ·
Reported by one source so far
Photo: Wikimedia CommonsICICI Bank reported strong second‑quarter earnings, leading brokerages to stay upbeat about its asset quality. HDFC Bank posted only modest profit growth and said its margins are under pressure. Both banks are still seen as having attractive valuations and the chance for earnings to recover. On Monday, shares of ICICI Bank and HDFC Bank fell, moving in line with a dip in the broader Sensex and Nifty indices. Analysts pointed to target‑price revisions that could provide upside for both stocks. The decline came despite the positive earnings backdrop.
Context
Bank earnings often shape investor sentiment because they influence loan growth and overall market momentum.
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