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Last Updated : Jul 31, 2019 11:22 AM IST | Source: Moneycontrol.com

Buy ICICI Bank; target of Rs 550: Sharekhan

Sharekhan is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 550 in its research report dated July 29, 2019.

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Sharekhan's research report on ICICI Bank


ICICI Bank clocked healthy numbers in Q1FY20, with strong all-round operating performance. Helped by lower slippages and NPA recoveries, provisions declined significantly. We believe that with earnings normalising, it is the start of a sustainable growth cycle for the bank.


Outlook


We therefore maintain our Buy rating with a revised price target of Rs. 550.


For all recommendations report, click here


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First Published on Jul 31, 2019 11:22 am
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