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.
Gold slips as investors weigh Fed rate outlook
Gold slipped in early Asian trade on Tuesday as investors awaited the US Federal Reserve policy decision next week for signals on interest rates and