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Last Updated : May 07, 2019 01:32 PM IST | Source:

Buy ICICI Bank; target of Rs 450: Sharekhan

Sharekhan is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 450 in its research report dated May 06, 2019.

Broker Research @moneycontrolcom
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Sharekhan's research report on ICICI Bank

In Q4FY2019, ICICI Bank registered better than expected net interest income (NII) growth by 26.5% y-o-y, aided by margin expansion and a sequential improvement Net interest margin (NIM) by 32 BPS to 3.72%. Healthy Business parameters of sustained improvement in asset quality; comfortable margins, comfort on capital position (Tier 1 at 15.1%), strong retail franchise are key positives for the bank.


We maintain our Buy rating with a revised price target (PT) of Rs. 450, considering its improved long-term outlook and strong franchise.

For all recommendations report, click here

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First Published on May 7, 2019 01:32 pm
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