“Bullish on ICICI Bank with a target price of ₹1,750 per share, representing a 20.4% upside. The bank is well-positioned for growth and quality due to healthy deposit and credit growth and the lowest loan-to-deposit ratio among large private banks. Jefferies forecasts a 15% loan CAGR over FY26-29, driving a 13% core profit CAGR and 17% ROE in FY27.”

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%