Stocks

ICICI Bank stocks: Buy ICICI Bank, target price Rs 1150: Axis Securities

Axis Securities has buy call on ICICI Bank with a target price of Rs 1150. The current market price of . is Rs 906.8. Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 632054.41 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-2022.

Financials

For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 45178.22 Crore, up 15.20 % from last quarter Total Income of Rs 39218.33 Crore and up 14.42 % from last year same quarter Total Income of Rs 39484.49 Crore. The bank reported net profit after tax of Rs 8006.99 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 43.54 per cent, DIIs 45.33 per cent.

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