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Buy ICICI Bank; target of Rs 585 : Dolat Capital Market

Dolat Capital Market is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 585 in its research report dated December 07, 2020.

December 07, 2020 / 12:22 PM IST

Dolat Capital Market's research report on ICICI Bank


ICICI Bank hosted their analyst day highlighting traction in existing digital capabilities across business segments and newer industry first digital initiatives, re-iterating its underlying narrative of ‘One bank, One RoE, One KPI’. Growing ecosystem-based offerings and focus on risk calibrated core operating profit should aid market share gains in both assets and liabilities and support profitability. Sustained recovery trends in disbursements and lower than anticipated risk in corporate book were other key takeaways.


Outlook


We maintain our BUY recommendation on the stock with a revised SOTP-based Target Price of Rs585 (from 510 earlier) led by lower slippages and higher standalone multiple of 2x (from 1.7x earlier).


For all recommendations report, click here

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first published: Dec 7, 2020 12:22 pm
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