'Top quality asset': Strategist names his top stock to buy in India right now
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 18 2024
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Source: CNBC
Market Outlook: Despite recent declines in Indian markets, strategist Matt Orton remains optimistic about India's growth and highlights ICICI Bank as a top investment choice due to its strong performance and quality asset status.
Analyst Support: ICICI Bank has received positive ratings from analysts, with 41 out of 44 recommending it as a buy or overweight, and an average price target suggesting an 18% potential upside.
Analyst Views on IBN
About IBN
ICICI Bank Limited is a diversified financial services company offering a range of banking and financial services to corporate and retail customers through a variety of delivery channels. The Company offers life and general insurance, asset management, securities broking and private equity products and services through specialized subsidiaries. Its segments include Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others. Its commercial banking operations for retail customers consist of retail lending, deposit taking, distribution of insurance and investment products and other fee-based products and services. It provides a range of commercial banking products and services, including loan products, fee and commission-based products and services, deposit products and foreign exchange and derivatives products to large corporations, middle market companies and small and medium enterprises. It offers agricultural and rural banking products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
