Buy ICICI Bank, target price Rs 700: Motilal Oswal

Buy ICICI Bank, target price Rs 700: Motilal Oswal
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Synopsis

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 433551.95 Crore).

ETBFSI
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 58 per cent, DIIs 34.3 per cent and public and others 7.7 per cent.

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Motilal Oswal has buy call on Ltd. with a target price of Rs 700. The current market price of ICICI Bank Ltd. is Rs 608.8.

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 433551.95 Crore).

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 40454.45 Crore, up 2.88 % from last quarter Total Income of Rs 39321.42 Crore and up 5.43 % from last year same quarter Total Income of Rs 38370.95 Crore. The bank reported net profit after tax of Rs 5498.15 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 58 per cent, DIIs 34.3 per cent and public and others 7.7 per cent.

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