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Stock Radar: This private sector lender is likely to hit fresh record high in 2-3 months; here’s why
Synopsis
ICICI Bank has risen above its April 17 swing high and could surpass its November 2022 highs to set a new record if its current momentum continues, according to analysts. The stock has risen by more than a third since the end of January and closed at Rs 917.70 on April 28
ICICI Bank Ltd, a part of the private banking space, surpassed its 17th April swing high last week and if the momentum sustains, it could well surpass November 2022 highs to make a fresh record.Short- to medium-term traders could look at buying the stock now or on dips for a possible target towards Rs 970 in 2-3 months, suggested experts.The stock rose over 3% in a week and more than 7% in a month. It has rallied more than 12% in the last three
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