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Stock to buy-. ICICI Bank has performed brilliantly in the last June quarter. Brokerage says that the bank has performed well with its competitors despite sectoral challenges in the last few years.
Brokerage House says that the bank’s performance has been good. Brokerage says that ICICI Bank has performed brilliantly in the last few years despite sectoral challenges. The bank retained its performance even in the midst of circumstances like pressure on Net Interest Margin (NIM). The bank has faced the challenges in a better way than its competitors. Brokerage says that ICICI Bank is in a strong position to maintain the speed of its profitability. Constant improvement in asset mix, limited NIM pressure and healthy growth in business banking and select retail segment will help in maintaining the bank’s speed.
What is the target price of icici bank share
Motilal Oswal has kept the target price of Rs 1670 for this stock on ICICI Bank, retaining its ‘Buy’ rating. This current price is 20 percent more than Rs 1391. ICICI Bank has performed brilliantly in the last June quarter. The bank’s standalone net profit increased by 15.5% to Rs 12,768.21 crore in the June quarter. The bank’s net interest income (NII) also increased by 10.6% and it was Rs 21,635 crore, which was Rs 19,553 crore last year.
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