Buy ICICI Bank, target price Rs 950: Prabhudas Lilladher

Prabhudas Lilladher has buy call on ICICI Bank with a target price of Rs 950. The current market price of ICICI Bank Ltd. is Rs 877. 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 615950.44 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-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 39218.33 Crore, down -8.44 % from last quarter Total Income of Rs 42834.06 Crore and up .94 % from last year same quarter Total Income of Rs 38852.60 Crore. The bank reported net profit after tax of Rs 7384.53 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 43.54 per cent, DIIs 45.33 per cent.