“Bullish on ICICI Bank with a 'Buy' call and a target price of ₹1,935, implying 36% upside from ₹1,420. Despite a 15% de-rating over two years, the stock offers an attractive entry point. The bank is well-positioned for strong earnings recovery over the medium term, driven by re-accelerating loan growth and continued cost-to-income improvement via operating leverage.”

Goldman Sachs Analysis’s track record: 3 graded calls · 95% CI 21–94%