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ICICI Q2 show is solid, but should investors bet on it after a huge rally in the last 12 months?

October 29, 2019 / 09:36 AM IST
ICICI Q2 show is solid, but should investors bet on it after a huge rally in the last 12 months?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Neha Dave Moneycontrol Research Highlights: -Robust growth in domestic retail loans, margins expand - Asset quality improves further, provision coverage rises - Credit cost to decline sharply aiding earnings normalisation in FY20 - Valuations compelling; re-rating to continue ICICI Bank posted a net profit of Rs 655 crore in the second quarter of FY20 compared to Rs 909 crore in the same quarter last year. The bottom line number, however, was adversely impacted by a one-off adjustment. After the changes in the...

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