ICICI Bank: Analysts bullish after Q3 results, Sandeep Bakhshi's extension

• 49 out of 51 analysts recommend 'buy' for ICICI Bank post Q3 results, with only two suggesting 'hold'.
• Sandeep Bakhshi, MD & CEO, received a two-year extension until October 2028, removing a major overhang.
• BNP Paribas set the highest price target at ₹1,990, followed by Morgan Stanley, Prabhudas Lilladher, Kotak Institutional Equities, and Dolat Capital at ₹1,800.
• Brokerages like CLSA, Morgan Stanley, and Jefferies highlighted leadership clarity and improving loan growth.
• Jefferies raised its price target to ₹1,730, while Bernstein, with a 'market-perform' rating, noted the re-appointment offsets a weak quarter.

Why It Matters: Analysts largely positive on ICICI Bank due to strong Q3 results and MD & CEO's tenure extension.