Moneycontrol
Last Updated : Apr 05, 2018 06:24 PM IST | Source: Moneycontrol.com

Hold ICICI Bank; target of Rs 295: Sharekhan

Sharekhan has recommended hold rating on ICICI Bank with a target price of Rs 295 in its research report dated April 2, 2018.

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Sharekhan's research report on ICICI Bank


Recent allegations of lapses in loan disbursement may widen with other regulators and agencies joining the investigation.Although the bank’s board is in support of the management, several unresolved issues are clouding the near term. Despite reasonable Valuations, we believe caution is warranted.

Outlook

However, considering  the recent turn of events and the uncertainty regarding the stock and the outcome of the investigations, we believe caution is warranted. We have revised our rating on the stock to Hold with a revised price target (PT) of Rs. 295.

For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

First Published on Apr 2, 2018 04:32 pm
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