Here's why Kotak Neo recommends 'Buy' rating on ICICI Bank; 'Add' Nykaa
ICICI Bank is in focus.
· Business Standard Mkts
Nykaa offers an attractive combination of category leadership, strong execution, multiple growth levers, and improving profitability, says Shrikant Chouhan, Head of Equity Research at Kotak Neo.
The analysis
Against that, the stock is +0.8% on the day at ₹1,398.00, and has returned -2.5% over three months. It sits 4% below its 52-week high. The banks sector has moved -6.0% over the same period, so ICICI Bank is running 3.5 points ahead of its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- In focus: ICICI Bank (ICICIBANK), in Banks.
- On the day, 1 of 2 are higher: ICICI Bank leads at +0.8% and FSN E-commerce (Nykaa) trails at -1.0%.
- Over three months: ICICI Bank -2.5% against Banks -6.0% (3.5 points ahead); FSN E-commerce (Nykaa) +4.7% against Consumer & Retail -9.5% (14.2 points ahead).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| ICICI BankICICIBANK · Banks | ₹1,398.00 | +0.8% | +5.8% | -2.5% | -4.4% | 0.9× | — |
| FSN E-commerce (Nykaa)NYKAA · Consumer & Retail | ₹349.35 | -1.0% | +9.2% | +4.7% | -1.0% | 0.6× | — |
Banks
1M -3.4% · 3M -6.0%
ICICI Bank
Consumer & Retail
1M -4.9% · 3M -9.5%
FSN E-commerce (Nykaa)
Prices as of 30 Oct 2026, 16:10 IST. Sector moves are the average of the stocks we track in each sector.
In this story
Related coverage
Breakout stocks: Adani Ports, Nykaa, Saregama on radar; analyst tells why
Meesho Q2 Results: Loss narrows to Rs 132 crore YoY, revenue rises 34%
'IDBI Bank Was Handed To Us In Poor Shape': FM Sitharaman Hits Back At Rahul Gandhi Over Congress-Era Bad Loans
HAL, Kotak Bank, Tech Mahindra, Sona BLW Precision: Top Diwali 2026 Picks by Axis Securities
Bank of Baroda Q2 Results: Standalone profit jumps 36% YoY to Rs 6,532 crore; NII up 9