Here is why analysts think ICICI Bank is the new growth leader post Q4 nos

Market mavens have revised their target price on the scrip on the upside to factor-in stable asset quality and steady growth momentum

Market participants hailed the March quarter (Q4FY21) results of private lender ICICI Bank as negligible debt restructuring, healthy operational performance, and stable growth outlook kept investor confidence intact. At the bourses, the stock of the lender zoomed 6 per cent in the intra-day deals to a high of Rs 605 on the National Stock Exchange. The stock eventually closed 3.6 per cent higher at Rs 591 as against a 1 per cent rise in the benchmark S&P BSE Sensex. 

The lender on Saturday reported a net profit of Rs 4,403 crore in the March quarter of FY21, up 260 per