AgenciesAnand Rathi has buy call on with a target price of Rs 1094. The current market price of ICICI Bank Ltd. is Rs 945.1.
ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 658871.15 Crore).
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 45178.22 Crore, up 15.20 % from last quarter Total Income of Rs 39218.33 Crore and up 14.42 % from last year same quarter Total Income of Rs 39484.49 Crore. The bank has reported net profit after tax of Rs 8006.99 Crore in latest quarter.
Investment Rationale
The brokerage is bullish on the counter considering the strong balance sheet, strong credit growth, continuous reduction in NPA, adequate capital adequacy, strong growth in advances, high CASA ratio and improving asset quality.
Promoter/FII Holdings
Promoters held 0% per cent stake in the company as of 30-Jun-2022, while FIIs owned 43.54 per cent, DIIs 45.33 per cent.
ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 658871.15 Crore).
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 45178.22 Crore, up 15.20 % from last quarter Total Income of Rs 39218.33 Crore and up 14.42 % from last year same quarter Total Income of Rs 39484.49 Crore. The bank has reported net profit after tax of Rs 8006.99 Crore in latest quarter.
Investment Rationale
The brokerage is bullish on the counter considering the strong balance sheet, strong credit growth, continuous reduction in NPA, adequate capital adequacy, strong growth in advances, high CASA ratio and improving asset quality.
Promoter/FII Holdings
Promoters held 0% per cent stake in the company as of 30-Jun-2022, while FIIs owned 43.54 per cent, DIIs 45.33 per cent.
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