Buy ICICI Bank, target price Rs 810: Axis Securities

Axis Securities has buy call on ICICI Bank with a target price of Rs 810. The current market price of ICICI Bank Ltd. is Rs 725.8.

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 501545.83 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.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2021, while FIIs held 37.7 per cent, DIIs 32.7 per cent and public and others 29.6 per cent.