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Tuesday, October 20, 2026Updated 06:10 UTC

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Brokerages back ICICI Bank on strong Q2 earnings, see HDFC Bank recovery ahead

Source: Economic Times · Oct 20, 2026 00:34 UTC

Red line chart of stock prices on a screen — File photo rawpixel · CC0 · Source

The Quick Take

Brokerages remain optimistic about ICICI Bank's strong earnings and asset quality after the recent quarter. However, HDFC Bank's profit growth was modest, and margins are under pressure, leading to a more cautious outlook. Despite this, both banks have attractive valuations and positive earnings recovery prospects. On Monday, both stocks experienced declines, along with broader market indices. Ana

Read the full story at Economic Times

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