Buy ICICI Bank, target price Rs 750: Motilal Oswal

Motilal Oswal has buy call on ICICI Bank with a target price of Rs 750. The current market price of ICICI Bank Ltd. is Rs 655.85. Time period given by analyst is one year 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 456662.98 Crore).

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 43621.29 Crore, up 7.83 % from last quarter Total Income of Rs 40454.45 Crore and up 8.72 % from last year same quarter Total Income of Rs 40121.48 Crore. The bank reported net profit after tax of Rs 4886.16 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company , FIIs held 58 per cent, DIIs 34.3 per cent and public and others 7.7 per cent.