Buy ICICI Bank Ltd. at a price target of Rs 440 and a stoploss at Rs 415 from entry point.|Updated: Aug 20, 2019, 08.54 AM ISTIndependent analyst Kunal Bothra has a buy call on ICICI Bank Ltd. with a target price of Rs 440. The current market price of ICICI Bank Ltd. is Rs 423.4. Time period given by the analyst is Intra Day when ICICI Bank Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 415. ICICI Bank Ltd., incorporated in 1994, has a market cap of Rs 273295.62 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 30-06-2019, the company has reported a Consolidated Interest Income of Rs 14431.69 Crore, up 5.16 % from last quarter Interest Income of Rs 13723.16 Crore and up 24.02 % from last year same quarter Interest Income of Rs 11637.00 Crore. The bank has reported net profit after tax of Rs 2913.45 Crore in latest quarter.
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