Sell ICICI Bank Ltd., target Rs 200.0 : Religare Securities

Religare Securities has Sell call on ICICI Bank Ltd. with a target price of Rs 200.0. The current market price of ICICI Bank Ltd. is 239.5. Time period given by analyst is year, when ICICI Bank Ltd. price can reach defined target. Religare has cited that stressed loans have gone up in construction, power, iron and steel, gems and jewellery, textiles and petroleum. It said ICICI Bank has disclosed exposure to below investment-grade assets in the top five stressed sectors.