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    Buy ICICI Bank, target price Rs 630: Motilal Oswal

    Synopsis

    ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 353362.47 Crore).

    Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 55.6 per cent, DIIs 36.1 per cent and public and others 8.3 per cent.

    INSIGHTS

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    Motilal Oswal has buy call on ICICI Bank with a target price of Rs 630. The current market price of ICICI Bank Ltd. is Rs 513.1.

    ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 353362.47 Crore).

    Financials
    For the quarter ended 30-09-2020, the company reported a Consolidated Interest Income of Rs 14805.93 Crore, down 3.45 % from last quarter Interest Income of Rs 15335.70 Crore and down 2.18 % from last year same quarter Interest Income of Rs 15136.52 Crore. The bank reported net profit after tax of Rs 5426.33 Crore in latest quarter.

    Promoter/FII Holdings
    Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 55.6 per cent, DIIs 36.1 per cent and public and others 8.3 per cent.
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