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Macquarie Sticks to Its Buy Rating for ICICI Bank Limited (ICICIBANK)

Macquarie Sticks to Its Buy Rating for ICICI Bank Limited (ICICIBANK)

Macquarie analyst Suresh Ganapathy maintained a Buy rating on ICICI Bank Limited yesterday and set a price target of INR1,795.00. The company's shares closed today at INR1,442.80.
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Ganapathy covers the Financial sector, focusing on stocks such as Bajaj Finance Limited, HDFC Bank Limited, and HDFC Life Insurance Co. Ltd.. According to TipRanks, Ganapathy has an average return of 2.5% and a 50.00% success rate on recommended stocks.
ICICI Bank Limited has an analyst consensus of Strong Buy, with a price target consensus of INR1,579.00, representing a 9.44% upside. In a report released yesterday, CLSA also maintained a Buy rating on the stock with a INR1,700.00 price target.
The company has a one-year high of INR1,471.10 and a one-year low of INR1,153.30. Currently, ICICI Bank Limited has an average volume of 391K.
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