Sell ICICI Bank, price target Rs 500: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on ICICI Bank Ltd. with a target price of Rs 500. The current price of ICICI Bank Ltd. is Rs 524.5. Manas Jaiswal recommended to keep a stop loss at Rs 536.

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 336775.15 Crore).

ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 47942.62 Crore to Sales Value (75.61 % of Total Sales), Income From Investment which contributed Rs 12796.88 Crore to Sales Value (20.18 % of Total Sales), Interest which contributed Rs 1925.60 Crore to Sales Value (3.03 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 736.09 Crore to Sales Value (1.16 % of Total Sales) for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated Interest Income of Rs 15136.52 Crore, up 4.88 % from last quarter Interest Income of Rs 14431.69 Crore and up 23.89 % from last year same quarter Interest Income of Rs 12217.35 Crore. The bank has reported net profit after tax of Rs 1584.51 Crore in latest quarter.