Chandan of has buy call on ICICI Bank with a target price of Rs 777. The current market price of . is Rs 739.75. Time period given by analyst is Intra Day when Ltd. price can reach defined target.
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 514070.11 Crore).
ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.
Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 42834.06 Crore, up 7.45 % from last quarter Total Income of Rs 39865.80 Crore and down -1.68 % from last year same quarter Total Income of Rs 43567.64 Crore. The bank reported net profit after tax of Rs 7718.94 Crore in latest quarter.
Investment Rationale
Moving in uptrend with strength in entire banking space and negated its lower highs of four weeks
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 43.95 per cent, DIIs 44.57 per cent.
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