AgenciesRelated
Motilal Oswal has buy call on with a target price of Rs 750. The current market price of ICICI Bank Ltd. is Rs 652.4. Time period given by analyst is one year when ICICI Bank Ltd. price can reach defined target.
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 452305.90 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 43621.29 Crore, up 7.83 % from last quarter Total Income of Rs 40454.45 Crore and up 8.72 % from last year same quarter Total Income of Rs 40121.48 Crore. The bank reported net profit after tax of Rs 4886.16 Crore in latest quarter.
Investment Rationale
Promoters held 0 per cent stake in the company , FIIs held 58 per cent, DIIs 34.3 per cent and public and others 7.7 per cent.
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 452305.90 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 43621.29 Crore, up 7.83 % from last quarter Total Income of Rs 40454.45 Crore and up 8.72 % from last year same quarter Total Income of Rs 40121.48 Crore. The bank reported net profit after tax of Rs 4886.16 Crore in latest quarter.
Investment Rationale
- Loan growth to remain modest; margins stable at ~3.9%
- Credit cost to remain high; slippage would be key
- Commentary on asset quality a key monitorable given the impact of second wave
- Movement in stressed loans to remain key monitorable
Promoters held 0 per cent stake in the company , FIIs held 58 per cent, DIIs 34.3 per cent and public and others 7.7 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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