Moneycontrol
Last Updated : Apr 05, 2018 01:45 PM IST | Source: Moneycontrol.com

ICICI Bank gains 3%; IDFC Securities keeps outperform call, target Rs 390

According to IDFC Securities, the fourth quarter earnings will likely be weak and slippages may be over Rs 13,000 crore.

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Shares of ICICI Bank gained more than 3 percent intraday as broking house IDFC Securities has kept an outperform rating on stock with a target of Rs 390 per share.

The bank may see pressure in the short-term following the allegations.

The fourth quarter earnings will likely be weak and slippages may be over Rs 13,000 crore and may report a core pre-tax loss, it added.

Also Read - ICICI Bank says no individual loans given to any of the 5 firms in Videocon Group

At 13:16 hrs ICICI Bank was quoting at Rs 276.70, up Rs 8.25, or 3.07 percent on the BSE.

Posted by Rakesh Patil
First Published on Apr 5, 2018 01:32 pm
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