Buy ICICI Bank, target price Rs 990: Axis Securities

Axis Securities has buy call on ICICI Bank with a target price of Rs 990. The current market price of ICICI Bank Ltd. is Rs 746.45. 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 518390.65 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 31-12-2021, the company reported a Consolidated Total Income of Rs 39865.80 Crore, up .97 % from last quarter Total Income of Rs 39484.49 Crore and down -1.46 % from last year same quarter Total Income of Rs 40454.45 Crore. The bank reported net profit after tax of Rs 6536.55 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Dec-2021, while FIIs owned 45.3 per cent, DIIs 43.75 per cent.