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Ideas For Profit | Why ICICI Bank’s stock re-rating will continue and valuation gap with HDFC bank narrow further

In terms of valuation, following the past year's rally, ICICI Bank’s valuation discount to that of HDFC Bank has narrowed. It is, however, still trading at around 18% discount to its closest lending peer hence, there is room for further closing of the gap with HDFC Bank, here's why