Buy ICICI Bank, target price Rs 920: Prabhudas Lilladher

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 609757.04 Crore).

By ETMarkets.com | Updated: Jan 24, 2023, 12.52 PM IST

Promoters held 0 per cent stake in the company as of 31-Dec-2022, while FIIs owned 90.22 per cent, DIIs 88.18 per cent.

Prabhudas Lilladher has buy call on ICICI Bank with a target price of Rs 920. The current market price of ICICI Bank is Rs 874.3. Prabhudas Lilladher recommended to keep stop loss at Rs 855.

ICICI Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 609757.04 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-2022.

Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 47859.50 Crore, up 5.93 % from last quarter Total Income of Rs 45178.22 Crore and up 20.05 % from last year same quarter Total Income of Rs 39865.80 Crore. The bank has reported net profit after tax of Rs 9538.82 Crore in latest quarter.

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