Buy ICICI Bank, target price Rs 1039: Nuvama Wealth brokerage

Nuvama Wealth brokerage has buy call on ICICI Bank with a target price of Rs 1039. The current market price of ICICI Bank is Rs 966.35. Nuvama Wealth brokerage recommended to keep stop loss at Rs 936.

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 676016.36 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-2023.


Investment Rationale
Stock has once again respected the demand zone of950 and has also registered a bullish swing move.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2023, while FIIs owned 44.53 per cent, DIIs 44.9 per cent.