One of India's leading private sector lenders ICICI Bank has reportedly become the world's second most-widely tracked stock. According to a report by the Economic Times, all 59 analysts who covered the bank's stock had 'buy ratings' on it.
ICICI Bank is only behind Chinese e-commerce major Alibaba whose stock is tracked by 64 experts, of whom 63 had a 'buy' call on the stock.
Stocks of two other Chinese firms-- Tencent and JD.com-- are also among the world's most tracked stocks with 56 and 51 analyst calls respectively, the report noted.
As per a report, amid hopes of more support measures from the government to cushion the economic impact of the coronavirus pandemic, Indian stocks have made gains.ICICI Bank on July 25 reported Q1 FY21 profit at Rs 2,599.1 crore, a growth of 36.2 percent year-on-year. Several brokerages maintained a 'buy' call on the bank stock, adding that it remains among their preferred picks in the sector.