ICICI Bank Shares Plunge Post Q3 Results; Brokerages Offer Investment Strategy

• ICICI Bank shares fell 2.74% to ₹1343.90 after Q3 results and CMD Sandeep Bakshi's tenure extension.
• Sandeep Bakshi's MD and CEO tenure has been extended by two years, now until October 2028.
• Out of 51 analysts, 49 recommend 'buy' and 2 'hold', with BNP Paribas setting the highest target at ₹1990.
• Brokerages like CLSA, Morgan Stanley, Jefferies, and Kotak Institutional Equities maintain positive outlooks, citing leadership clarity and improving loan growth.
• Bernstein gave a 'market-perform' rating, while others like Jefferies increased their target price.

Why It Matters: ICICI Bank shares dropped after Q3 results, but most brokerages remain optimistic due to leadership clarity.