Buy ICICI Bank, target price Rs. 1400: JM Financial

JM Financial on ICICI Bank for Rs. A buy call has been made with a target price of 1400. The current market price of ICICI Bank Ltd. is Rs. is 1177.25.

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs. 829883.24 Crore).

Major products/revenue segments of ICICI Bank Ltd. for the year ending 31-Mar-2023 include interest and discount on advances and bills, income from investments, interest and interest on balances with RBI and other inter-bank funds.

Financial
In the quarter ended 30-06-2024, the company posted Rs. 67270.06 crores reported a consolidated total revenue of Rs. 67181.70 crores .13% higher than the same quarter last year totaling Rs. 520 crore is 29.16% more than the revenue. . The bank reported a net profit after tax of Rs 11695.84 crore in the latest quarter.

Promoter/FII Holdings
As on 30-Jun-2024 promoters held 0 percent stake in the company, while FIIs held 45.48 percent, DIIs 44.42 percent.

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