The impressive financial performance has instilled confidence among investors, driving ICICI Bank's share prices.
Recommendation: Reduce; Target Price: Rs 766
Due to lower output commodity prices and lower sales, the business recorded an EBITDA of Rs 6,975 crore for the April–June period, a 35% decrease from Rs 10,741 crore in the same time last year.
Recommendation: Add; Target Price: Rs 2800
In terms of sectors, the auto, realty, IT, power, and capital goods indices all displayed positive movements, with gains ranging from 0.5 to 1 %
Recommendation: Add; Target Price: Rs 700
Recommendation: Buy; Target Price: Rs 2325
Kotak Mahindra Bank, the private lender, reported a remarkable net profit of Rs 3,452 crore for the first quarter of FY24
Recommendation: Buy; Target Price: Rs 8900

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