Lower slippages, improving core profitability and undemanding valuation makes the risk-reward extremely favourable for ICICI Bank
Invest in businesses where there is decent earnings visibility coupled with valuation comfort.
While markets continue to analyze the impact of the macros, it is time to deep dive into fundamentally strong ideas that should be gradually accumulated in this weak phase with an eye on long-term returns.
KR Choksey is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 393 in its research report dated May 08, 2018.
Prabhudas Lilladher recommended accumulate rating on ICICI Bank with a target price of Rs 348 in its research report dated May 07, 2018.
HDFC Securities is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 377 in its research report dated May 08, 2018.
While rising crude prices may impact Fiberweb's margins in the near-term, ICICI Bank can be a long-term proposition since a large part of its bad assets are already recognised
In the past few years, the bank has steadily diversified and de-risked its asset book while building an enviable liability franchise. With the stock currently trading around 1.1 times FY19e book, current valuations seems to be pricing in the concerns and offers a favourable risk reward.
Sharekhan has recommended hold rating on ICICI Bank with a target price of Rs 295 in its research report dated April 2, 2018.
While implied multiples are certainly towards the higher end prevailing among the peer group, SOTP valuation also reflects that part of the near term growth is priced in the offer
Dolat Capital is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 425 in its research report dated February 02, 2017.
Motilal Oswal is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 370 in its research report dated January 03, 2018.
JM Financial is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 340 in its research report dated December 06 2017.
We had created a "defensive portfolio" a couple of months ago against the backdrop of weak growth and earnings performance. A lot has changed over this period that makes us take a re-look at the portfolio despite its outperformance over the benchmark.
Axis Direct is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 350 in its research report dated November 02, 2017.
Reliance Securities recommended hold rating on ICICI Bank with a target price of Rs 284 in its research report dated October 31, 2017.
Sharekhan is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 340 in its research report dated October 27, 2017.
HDFC Securities is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 364 in its research report dated October 28, 2017.
Centrum is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 340 in its research report dated October 30, 2017.
Motilal Oswal is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 355 in its research report dated October 27, 2017.
KRChoksey is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 395 in its research report dated October 30, 2017.
Axis Direct is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 350 in its research report dated October 09, 2017.
Sharekhan is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 330 in its research report dated September 26, 2017.
Edelweiss is bullish on ICICI Bank has recommended buy rating on the stock with a target price of Rs 362 in its research report dated September 25, 2017.
Industry tailwinds, increased awareness towards insurance products, leadership status amongst private non-life insurers in India, a robust distribution channel, and healthy financials make ICICI Lombard's IPO a proposition worth considering.