HSBC Targets ICICI Bank at Rs 1,700 as it picks India stocks for FII inflows
HSBC expects India could draw up to $25 billion in foreign equity inflows as global investors rebalance away from volatile AI-driven markets. The brokerage named 10 preferred stocks, including ICICI Bank, setting a Rs 1,700 target. HSBC cites ICICI Bank’s consistent earnings profile, strong loan growth, stable net interest margins and pristine asset quality.