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. Analysts highlight potential upsides for both banks based on target prices.
Equity MF inflows slide 14%; large & midcaps gain traction
Inflows into equity mutual fund schemes fell by 14% in October, reflecting a trend of reduced investor allocations. Although smallcap funds saw decreasing inflows, large