Analysts remain bullish on ICICI Bank despite near-term concerns

Despite the fall in ICICI Bank’s net profit for the third quarter ended December 2018 (Q3FY19) and the outcome of probe against its former chief executive and managing director Chanda Kochhar, analysts remain bullish on the stock from a long-term perspective.  

On Thursday, the counter moved up nearly 3 per cent to Rs 375 levels in intra-day trade, as compared to 0.6 per cent rise in the S& BSE Sensex and 0.7 per cent up move in the S&P BSE Bankex.

A probe panel headed by former Supreme Court Judge B N Srikrishna found Kochhar in violation of bank’s code