 "ICICI Bank")
ICICI Bank shares rose over 3 per cent in intra-day trade on the BSE, marking their biggest intraday per cent gain since March 12, after global financial firm Goldman Sachs hiked the target price on the stock.
Goldman Sachs raised the price target on the stock to Rs 492 from Rs 451 and maintained 'buy' rating, saying that ICICI Bank's strong deposit franchise, lower cost of funds put the company at an advantage, a media report said.
The global research firm expects the private sector lender to deliver a return on assets (RoAs) and return on equities (RoEs) of 1.8
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