Buy ICICI Bank, target price Rs 700: Motilal Oswal

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Buy ICICI Bank, target price Rs 700:  Motilal Oswal


Motilal Oswal has buy call on with a target price of Rs 700. The current market price of ICICI Bank Ltd. is Rs 554.1.

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 370728.34 Crore).

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Interest Income of Rs 14761.80 Crore, down -.30 % from last quarter Interest Income of Rs 14805.93 Crore and down -5.85 % from last year same quarter Interest Income of Rs 15679.02 Crore. The bank reported net profit after tax of Rs 6219.08 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 58 per cent, DIIs 34.3 per cent and public and others 7.7 per cent.





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