ICICI Bank (₹1,272.65) Poised for Rally Ahead of RBI Policy; Analysts Eye ₹1,320–₹1,500 Targets

ICICI Bank shares are attracting bullish bets ahead of today’s RBI policy announcement, trading near ₹1,272.65 (as of February 7). Analysts highlight strong technical support at ₹1,240 and project short-term targets of ₹1,320, with Axis Securities setting a medium-term goal of ₹1,500. The bank’s robust asset quality, 15% YoY profit growth in Q3 FY25, and leadership in retail lending underpin optimism. A potential 25 bps rate cut could further buoy banking stocks.  

Source: JM Financial, Axis Securities, Business Today