ICICI Bank Shares Dip 3% Despite Bullish Brokerage Calls; Q3 Results Analyzed

• ICICI Bank shares fell nearly 3% in early Monday trading, reaching ₹1,367 on the NSE, despite positive outlooks from brokerage firms.
• The decline followed the Q3 FY26 results, which showed a 4% profit drop to ₹11,318 crore due to a one-time provision.
• Brokerage firms maintained bullish calls, citing stable operating trends, flat margins (4.3%), improved deposit growth, and healthy loan growth.
• CEO Sandeep Bakhshi's tenure extension also contributed to a positive sentiment, reducing uncertainty.
• Asset quality improved, with the gross NPA ratio decreasing to 1.53%; brokerages like CLSA, Jefferies, and Kotak reiterated positive ratings with target prices up to ₹1,800.

Why It Matters: ICICI Bank shares dipped due to a one-time provision, but brokerages remain bullish on strong fundamentals.