ICICI Bank gains 2%, hits fresh 52-week high after Q4 profit jumps 18% YoY. Should you buy?
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Shares of ICICI Bank, India’s second-largest private-sector lender, surged 2.15% to a new 52-week high of Rs 1,437 on Monday, as domestic brokerages turned bullish following the bank’s strong Q4FY25 performance. The lender reported an 18% year-on-year (YoY) increase in net profit to Rs 12,630 crore, prompting analysts to reaffirm their positive outlook and revise target prices upward, citing robust fundamentals, steady growth in loans and deposits. The lender’s net interest income (NII) for the quarter increased 11% YoY to Rs 21,193 crore. For the entire financial year FY25, the bank’s profit after tax climbed 15.5% YoY to Rs 47,227 crore. The bank also announced a dividend of Rs 11 per share. In Q4FY25, the net interest margin (NIM) stood at 4.41%, up from 4.25% in Q3FY25 and slightly above the 4.40% recorded in Q4FY24. The NIM for the full year came in at 4.32%. Live Events Here's what brokerages said post Q4 earnings show: Nuvama: ...