12,080.85-45.05
Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy ICICI Bank, price target Rs 548: Shubham Aggarwal

The analyst suggested a stoploss at Rs 518 .

ETMarkets.com|
Last Updated: Jan 24, 2020, 08.45 AM IST
0Comments
ThinkStock Photos
buy-sell12
Shubham Aggarwal of Quantsapp Advisory has a buy call on ICICI Bank Ltd. with a target price of Rs 548.0 . The current price of ICICI Bank Ltd. is Rs 527.7. Time period given by the analyst is Intra Day when ICICI Bank Ltd. price can reach the defined target. Shubham Aggarwal recommended to keep a stoploss at Rs 518 .

ICICI Bank Ltd., incorporated in 1994, has a market cap of Rs 341387.81 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.

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs .00 Crore (.00 % of total assets) and Net Non Performing Assets (Net NPAs) of Rs .00 Crore (.00% of total assets).

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.

Also Read

Buy Jubilant Foodworks, price target Rs 1,910: Shubham Aggarwal

Buy Pidilite Industries, price target Rs 1,650: Shubham Aggarwal

Sell Glenmark Pharmaceuticals, price target Rs 304: Shubham Aggarwal

Buy Pidilite Industries, price target Rs 1,625: Shubham Aggarwal

Sell RBL Bank, price target Rs 305 Shubham Aggarwal

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service