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Buy ICICI Bank, price target Rs 540: Kunal Bothra

The analyst suggested a stoploss at Rs 510.

ETMarkets.com|
Updated: Dec 04, 2019, 11.56 AM IST
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ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 329056.90 Crore).

Kunal Bothra of Independent Analyst has a buy call on ICICI Bank Ltd. with a target price of Rs 540.0 . The current price of ICICI Bank Ltd. is Rs 521.85 . Kunal Bothra recommended to keep a stoploss at Rs 510 .

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 329056.90 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.

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