This bank will store this bank amidst the decline in the market! Brokerage gave Buy’s advice; Return can be found up to 32%

ICICI Bank Share Price: The domestic stock market opened with a big decline in the business session before the week. The BSE Sensex opened with a decline of about 500 points while the Nifty slipped below the psychological level of 23 thousand. Amid the ongoing decline in the market, shares of ICICI Bank of Private sector climbed the intra-day trade on Monday (January 27). This boom in the bank shares is seen after the third quarter results.

ICICI Bank on Saturday announced its third quarter results. The bank’s standalone net profit increased to 11,792.4 crore on an annual basis. While the market experts were estimated to be Rs 11,330 crore. Most brokerage firms have advised to buy the stock amidst the bank’s strong quarterly performance. There has also been a change in the target price.

Nuvama: ICICI Bank | Rating Buy | Target Price 1490 |

Brokerage firm Nuwama has retained its ‘BUY’ rating on ICICI Bank. Brokerage has kept the long -term price target of Rs 1490 for the stock. In this way, the stock can give up to 23% upside in the future with a closed price of Friday (January 24). On Friday, the bank shares closed at a price of Rs 1209.

Brokerage says ICICI Bank has performed strongly in the third quarter of the current financial year on the operation front. The results of the bank have been better than our estimate. The bank has also performed well in the December quarter in the December quarter in the Balance Sheet and Profit and Los. The bank’s asset quality has also been stable compared to other banks.

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Motilal Oswal: ICICI Bank | Rating Buy | Target Price 1550 |

Brokerage firm Motilal Oswal has rated ‘BUY’ on ICICI Bank. Also, a target price of Rs 1550 has been kept on the stock. In this way, the stock can give up to 28% upside in future with a closed price of Friday (January 24).

According to brokerage, ICICI Bank has performed stable in another quarter in a huge ups and downs. The bank’s credit cost was only 37 BPS in the December quarter and the slipage rate was less than the first quarter in the third quarter.

JM Financial Services: ICICI Bank | Rating Buy | Target Price 1420

Brokerak firm JM Financial Services has retained its ‘BUY’ rating on ICICI Bank. Brokerage has kept a target price of Rs 1420 on stock. In this way, the share can show a spectacular upside of 28% in the long term. On Friday, the bank shares closed at a price of Rs 1209.

Global Brokerage: ICICI Bank | Rating outperform | Target Price 1600 |

Brokerage firm Global Brokerage has retained its rating on ICICI Bank on ‘outperform’. Brokerage has set a target price of Rs 1,600 on bank stock. In this way, the stock can give upside up to 32% from the closed price of Friday (January 24).

Apart from this, Jefferies advised to buy ICICI Bank and has kept the long -term target price of Rs 1,600 on the stock. Brokerage firm JP Morgan is also a bullish on ICICI Bank. Brokerage has kept a target price of Rs 1,500 on the stock, retaining the ‘overweight’ rating.

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ICICI Bank Stock History

ICICI Bank shares climbed 2% in Intrade trade on BSE on Monday (January 27) to reach Intrade High Level of Rs 1232. Talking about the performance of stock, it has fallen by 5.84% in the last one month. Whereas in the last six months the stock has been almost flat. At the same time, the stock has climbed about 22% in the last one year. The 52 week high of the stock is Rs 1,361 while 52 weeks low is Rs 985. The stock market cap on BSE is Rs 8,68,031 crore.

ICICI Bank Q3 Results

ICICI Bank’s standalone net profit increased by 15% to ₹ 11,792.4 crore in the December quarter of 2024-25. Due to this, the bank had made a profit of Rs 10,272 crore in the same quarter of the last financial year. The bank’s profits have increased due to better loan distribution, strong interest income and debt recovery.

Apart from this, the total income of the bank also increased to Rs 48,368 crore in the December quarter of the current financial year. It was Rs 42,792 crore in the same quarter of a year ago. The bank has also increased the income from interest and it increased to Rs 41,300 crore in the December quarter. It was Rs 36,695 crore in the same quarter of the previous financial year.

ICICI Bank has also performed strongly on the asset quality front. ICICI Bank’s non-performing asset (NPA) ratio fell better in the December quarter to 1.96%. It was 2.3 % in the same period of a year ago.

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