Why icici bank fell, and still under selling, is it an opportunity to get in?
The stock fell after a Bloomberg report suggested that the private bank is mulling a stake sale of around $3 billion. I am not sure how to see that. But in the end, the money would be used in its own growth.
Majorly speaking, Raising money can happen in two cases, either the company doesn’t have enough operational capital or the company plans to grow its operations.
I think it still has opportunities, to know more, you can analyze its fundamentals, here.
I hope it helps