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ICICI Bank hits 52-week high before retreating

Positive+1

GreyOak summary

ICICI Bank shares reached a 52-week high of ₹1,616 before closing lower, driven by Morgan Stanley adding the stock to its focus lists. Analysts cite a growth-supportive rate cycle and attractive valuations, with Motilal Oswal also highlighting the bank's market share in FCNR(B) inflows. The stock outperformed the Nifty 50 year-to-date.

What it affects

  • Hit 52-week high before retreating on analyst calls.Rolling sentiment Neutral +1

Source

Read the original at BusinessLine

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