ICICI Bank share price: Buy ICICI Bank, target price Rs 795: Kotak Securities

Kotak Securities has buy call on ICICI Bank Ltd. with a target price of Rs 795. The current market price of ICICI Bank Ltd. is Rs 772.3 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 534955.06 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 30-09-2021, the company reported a Consolidated Total Income of Rs 39484.49 Crore, up 1.63 % from last quarter Total Income of Rs 38852.60 Crore and up .41 % from last year same quarter Total Income of Rs 39321.42 Crore. The bank reported net profit after tax of Rs 7049.36 Crore in latest quarter.

Investment Rationale
Sharp reversal with a bullish engulfing candlestick from its important retracement zone.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 47.31 per cent, DIIs 42.48 per cent.

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