Tuesday, July 28, 2020
ICICI Bank has now become the second most widely tracked stock in the world after e-commerce giant Alibaba.
As many as 59 analysts covered ICICI Bank, and all of them had ‘buy’ ratings on the lender. On the other hand, 64 experts tracked Alibaba, and 63 had ‘buy’ ratings on the stock, while one had a ‘hold’ call, as per a report.
In terms of wealth creation, the stock has outperformed the benchmark equity indices over the past 10 years: ICICI Bank had delivered 8.70 percent annualised return to investors between July 2010 and July 2020, while BSE Bankex has gained 8.50 percent CAGR and Sensex 7.8 percent.
