Buy ICICI Bank, target price Rs 1025: Sharekhan by BNP Paribas

Sharekhan by BNP Paribas has buy call on ICICI Bank with a target price of Rs 1025. The current market price of ICICI Bank is Rs 976.1. Sharekhan by BNP Paribas recommended to keep stop loss at Rs 950.

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 681138.76 Crore).

ICICI Bank 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-2022.


Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 53922.75 Crore, up 12.67 % from last quarter Total Income of Rs 47859.50 Crore and up 25.89 % from last year same quarter Total Income of Rs 42834.06 Crore. The bank has reported net profit after tax of Rs 9852.70 Crore in latest quarter.

Investment RationaleIt is trading at an all-time high level, indicatingfurther bullishness from hereon.