Buy ICICI Bank, target price Rs 525: Motilal Oswal

Motilal Oswal has buy call on ICICI Bank with a target price of Rs 525. The current market price of ICICI Bank is Rs 482. ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 332915.17 Crore).

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated Interest Income of Rs 14805.93 Crore, down -3.45 % from last quarter Interest Income of Rs 15335.70 Crore and down -2.18 % from last year same quarter Interest Income of Rs 15136.52 Crore. The bank reported net profit after tax of Rs 5426.33 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 55.6 per cent, DIIs 36.1 and public and others 8.3 per cent.