Buy ICICI Bank, target price Rs 1000: Axis Securities


Axis Securities has buy call on with a target price of Rs 1000. The current market price of ICICI Bank Ltd. is Rs 708.7. Time period given by analyst is one year when . price can reach defined target.

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 489124.02 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 31-03-2022, the company reported a Consolidated Total Income of Rs 42834.06 Crore, up 7.45 % from last quarter Total Income of Rs 39865.80 Crore and down -1.68 % from last year same quarter Total Income of Rs 43567.64 Crore. The bank reported net profit after tax of Rs 7718.94 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 31-Mar-2022, while FIIs owned 43.95 per cent, DIIs 44.57 per cent.

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