Buy ICICI Bank, target price Rs 725: Kotak Securities
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 486276.12 Crore).
By ETMarkets.com | Updated:
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Kotak Securities has buy call on ICICI Bank with a target price of Rs 725. The current market price of ICICI Bank Ltd. is Rs 702.1.
Time period given by analyst is Intra Day when ICICI Bank Ltd. price can reach defined target.
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 486276.12 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 30-06-2021, the company reported a Consolidated Total Income of Rs 38852.60 Crore, down -10.93 % from last quarter Total Income of Rs 43621.29 Crore and up 2.41 % from last year same quarter Total Income of Rs 37939.32 Crore. The bank reported net profit after tax of Rs 4747.42 Crore in latest quarter.
Investment Rationale
Inverted Hammer candlestick is formed near the important support area which indicates trend reversal.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company , FIIs held 48 per cent, DIIs 41 per cent and public and others 10 per cent.
Time period given by analyst is Intra Day when ICICI Bank Ltd. price can reach defined target.
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 486276.12 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 30-06-2021, the company reported a Consolidated Total Income of Rs 38852.60 Crore, down -10.93 % from last quarter Total Income of Rs 43621.29 Crore and up 2.41 % from last year same quarter Total Income of Rs 37939.32 Crore. The bank reported net profit after tax of Rs 4747.42 Crore in latest quarter.
Investment Rationale
Inverted Hammer candlestick is formed near the important support area which indicates trend reversal.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company , FIIs held 48 per cent, DIIs 41 per cent and public and others 10 per cent.
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