Global Brokerage House Is Bullish On ICICI Bank, Expects 50 Percent Jump In Shares

New Delhi:- The bank will get the benefit of lifting of covid-19 restrictions said by the brokerage firm. Brokerage firm says that it spurt in loan activities. In the last 12 months, according to Jefferies ICICI Bank shares may see a rise of more than 50 per cent. On the other hand, according to brokerage firm the shares of bank reached at the level of RS 1070. Apart from this, the bank reached at the level of 1170 if the conditions are more favorable.

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According to Jefferies, at the current level it rise up to 64 per cent. At the current level bank rise of 64 per cent, then it will not be surprising. Apart from this, bank has ability to deal easily with non-secured retail loan sector. Experts says that there are many factors that will support the stock of bank. Apart from this, the lifting of covid-19 restrictions will support the shares of ICICI Bank.

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The stock has seen a decline of up to 7 per cent, this year. In recent years, it has outperformed many of its peers. Jefferies expects in the next 3 years the bank’s profits to grow by 17 per cent. Apart from Jefferies, domestic experts are also predicting 20-50 per cent in this stock in the next 12 months.

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Priyanka Yadav

An active reader and follower of news. A budding journalist tries to spread authentic news to people.

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