Buy ICICI Bank\, price target Rs 570: Jay Thakkar

Jay Thakkar of Anand Rathi has a buy call on ICICI Bank Ltd. with a target price of Rs 570.0 . The current price of ICICI Bank Ltd. is Rs 549.3 Time period given by the analyst is Intra Day when ICICI Bank Ltd. price can reach defined target. . Jay Thakkar recommended to keep a stoploss at Rs 539 .

ICICI Bank Ltd., incorporated in 1994, has a market cap of Rs 355457.71 crore.

ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 47942.62 Crore to Sales Value (75.61 % of Total Sales), Income From Investment which contributed Rs 12796.88 Crore to Sales Value (20.18 % of Total Sales) and Interest which contributed Rs 1925.60 Crore to Sales Value (3.03 % of Total Sales)for the year ending 31-Mar-2019.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets).

For the quarter ended 31-12-2019, the company has reported a Consolidated Interest Income of Rs 15679.02 Crore, up 3.58 % from last quarter Interest Income of Rs 15136.52 Crore and up 17.82 % from last year same quarter Interest Income of Rs 13307.32 Crore. The bank has reported net profit after tax of Rs 5114.28 Crore in latest quarter.