ICICI Bank shares fall 10% in 6 months. Here’s why Motilal Oswal sees 41% upside potential

June 4, 2026

Motilal Oswal Financial Services maintains a ‘Buy’ rating on ICICI Bank, projecting a 16% loan CAGR and sustained profitability despite recent stock underperformance. The brokerage highlights the bank’s robust asset quality, strong liability franchise, and cost leadership, anticipating a significant upside potential of 41% with a target price of Rs 1,750.

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