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Last Updated : May 11, 2020 01:44 PM IST | Source:

Buy ICICI Bank target of Rs 454: Sharekhan

Sharekhan is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 454 in its research report dated May 08, 2020.

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

ICICI Bank posted mixed numbers for Q4FY20 in a difficult environment, wherein operating performance was in line, while large provisions (partly due to one large account and COVID-19) affected PAT. GNPA/ NNPA ratio decreased sequentially by 35 bps / 6 bps to 6.04% / 1.54% respectively, but high slippages and ~30% of book under moratorium are dampeners. We are cutting our estimates and target multiple considering the dynamic environment.


We maintain our Buy rating on the stock with a revised price target (PT) of Rs. 454.

For all recommendations report, click here

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First Published on May 11, 2020 01:44 pm
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