Buy ICICI Securities, target price Rs 325: Kunal Bothra

Kunal Bothra of Independent Analyst has buy call on ICICI Securities Ltd. with a target price of Rs 325.0 . The current market price of ICICI Securities Ltd. is Rs 324.5 Kunal Bothra recommended to keep stoploss at Rs 303
ICICI Securities Ltd., incorporated in the year 1995, is a Mid Cap company (having a market cap of Rs 9949.34 Crore) operating in Financial Services sector.

ICICI Securities Ltd. key Products/Revenue Segments include Income From Brokerage & Commission which contributed Rs 1024.30 Crore to Sales Value (55.16 % of Total Sales), Other Services which contributed Rs 652.29 Crore to Sales Value (35.12 % of Total Sales), Interest which contributed Rs 157.43 Crore to Sales Value (8.47 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 21.91 Crore to Sales Value (1.17 % of Total Sales), Other Operating Revenue which contributed Rs .57 Crore to Sales Value (0.03 % of Total Sales) and Dividend which contributed Rs .30 Crore to Sales Value (0.01 % of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 417.02 Crore, up 7.89 % from last quarter Sales of Rs 386.52 Crore and down -8.97 % from last year same quarter Sales of Rs 458.10 Crore Company has reported net profit after tax of Rs 135.12 Crore in latest quarter. The company’s top management includes Mr.Ajay Saraf, Mr.Anup Bagchi, Mr.Ashvin Parekh, Mr.Pramod Rao, Mr.Subrata Mukherji, Mr.Vijay Chandok, Mr.Vinod Kumar Dhall, Ms.Vijayalakshmi Iyer. Company has B S R & Co. LLP as its auditoRs As on 30-06-2019, the company has a total of 322,141,400 shares outstanding.