ICICI BANK share price: Buy ICICI Bank, target price Rs 760: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Ltd. with a target price of Rs 760. The current market price of ICICI Bank Ltd. is Rs 727.1.

Time period given by analyst is Intra Day when ICICI Bank Ltd. price can reach defined target.

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 503657.97 Crore).



ICICI Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2021.

Financials

For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 38852.60 Crore, down -10.93 % from last quarter Total Income of Rs 43621.29 Crore and up 2.41 % from last year same quarter Total Income of Rs 37939.32 Crore. The bank reported net profit after tax of Rs 4747.42 Crore in latest quarter.

Investment Rationale
Price volume breakout on daily frame and has been making higher lows from last six sessions

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2021, while FIIs owned 48.03 per cent, DIIs 41.69 per cent.

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