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ICICI Bank surges on Morgan upgrade

ICICI Bank surges on Morgan upgrade
ICICI Bank: Quotes, News
BSE 412.20BSE Quote4.95 (-1.20%)
NSE 412.05NSE Quote4.85 (-1.18%)
ICICI Bank surged in trade today following an upgrade by Morgan Stanley to "overweight" from "equal-weight". Morgan Stanley expects consumer loans at the bank to pick-up.

ICICI Bank jumped almost 3 per cent at Rs 1017 on the Bombay Stock Exchange. ICICI Bank is one of the country's top banking sector names. However, the stock like most of the banking stocks has dropped on fears of rising non performing assets.

Read more about: icici bank morgan stanley
Story first published: Tuesday, April 9, 2013, 11:57 [IST]
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