Sell ICICI Bank Ltd. target Rs 258.0 : Sarvendra Srivastava

Sarvendra Srivastava of Phisense.com has Sell call on ICICI Bank Ltd. with a target price of Rs 258. The current market price of ICICI Bank is Rs 265.5. Time period given by analyst is intra Day when ICICI Bank price can reach defined target. Sarvendra Srivastava recommended to keep stoploss at Rs 272.6 .

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of ₹ 156754.58 Cr.).

ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed ₹ 38943.15 Cr to Sales Value (73.84 % of Total Sales), Income From Investment which contributed ₹ 10625.35 Cr to Sales Value (20.14 % of Total Sales), Interest which contributed ₹ 3012.69 Cr to Sales Value (5.71 % of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed ₹ 158.24 Cr to Sales Value (0.30 % of Total Sales)for the year ending 31-Mar-2016.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Cr. (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Cr. (.00% of total assets). For the quarter ended 31-03-2016, the company has reported a Consolidated Interest Income of ₹ 10706.35 Cr., up 1.72 % from last quarter Interest Income of ₹ 10525.51 Cr. and up 7.27 % from last year same quarter Interest Income of ₹ 9980.34 Cr. The bank has reported net profit after tax of ₹ 599.16 Cr. in latest quarter.