ICICI Bank Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for ICICIBANK, BSE:532174 ICICI Bank Ltd.

ICICI Bank Ltd.

29 Jan 2020

1394.30

-0.51%

ICICI BANK LIMITED

Buy: ICICI Bank Ltd.

Recommendation Target

Geojit BNP Paribas

The bank's loans and advances grew 12.6% YoY to Rs. 635,654cr, primarily fueled by growth in domestic retail loan book (+19.3% YoY). Net Interest Income increased 24.3% YoY, as Net interest margin expanded 37bps to 3.77% in Q3FY20. Asset quality improved significantly with GNPA/NNPA ratio at 5.9%/1.5% in Q3FY20 (vs. 7.7%/2.6% in Q3FY19). Given the robust quarter, improving asset quality and healthy capital position, company's outlook remain positive. We reiterate our BUY...

ICICI Bank Ltd. is trading below its 30 day SMA of 1415.2

ICICI Bank Ltd.

28 Jan 2020

1394.30

-0.51%

ICICI Bank Ltd

Hold: ICICI Bank Ltd.

Recommendation Target

Angel Broking

Outlook & Valuation: At the current market price, the bank's core banking business (after adjusting the value of subsidiaries) is trading at 2.1x FY2021E ABV. Key parameters to watch for the next few quarter are slippages from corporate book and addition to BB & Below book. We recommend a HOLD on the stock with a

ICICI Bank Ltd. is trading above its 200 day SMA of 1361.7

ICICI Bank Ltd.

28 Jan 2020

1394.30

-0.51%

ICICI Bank

Results Update: ICICI Bank Ltd.

SMC online

has continued to support strong growth in net interest income. The bank has continued to record healthy growth in the core fee income, while also exhibited improvement in cost-toincome ratio in Q3FY2019. The loan growth of the bank was steady at 13%, while the bank has further raised the share of retail loans to 62.6% end December 2019. The bank also exhibited healthy improvement in asset quality, despite increase in fresh slippages of loans. Bank has exhibited improvement in the CASA ratio on sequential basis in Q3FY2020. Bank has continued to expand its distribution network. Asset quality improves: Bank has exhibited healthy improvement in asset quality with strong...

ICICI Bank Ltd. has an average target of 1650.91 from 11 brokers.

ICICI Bank Ltd.

27 Jan 2020

1394.30

-0.51%

ICICI Bank (3QFY20): On course. Maintain BUY

Buy: ICICI Bank Ltd.

Target

HDFC Securities

Favourable structural changes at ICICIBC continue (better quality corporate underwriting, balance sheet retailisation and P&L fortification). While the pace of asset quality improvement may slow in the near term, as with some of its peers, the broader trajectory remains unchanged. Improving asset quality, moderating LLPs and better growth trends underpin our stance. A sustained improvement could trigger further re-rating. ICICBC reported an inline qtr across all parameters. PAT jumped on a/c of lower provisions. Reported asset quality improved slightly, as a result of higher recoveries, even as slippages saw a rise. The 8% QoQ rise in exposure to BB and below rated a/cs was not too surprising. Maintain BUY with an SoTP of Rs 587 (2.2x Dec-21E core ABV of Rs 202 and sub-value of Rs 142).

Number of FII/FPI investors increased from 2439 to 2512 in Jun 2025 qtr.

ICICI Bank Ltd.

27 Jan 2020

1394.30

-0.51%

ICICI Bank - 3QFY20 Result Update

Buy: ICICI Bank Ltd.

Target

Reliance Securities

ICICI Bank Ltd. has an average target of 1650.91 from 11 brokers.

ICICI Bank Ltd.

27 Jan 2020

1394.30

-0.51%

ICICI Bank Limited - Result Update Q3FY20

Buy: ICICI Bank Ltd.

Target

Edelweiss

ICICI Bank Ltd reported better than expected set of numbers in its Q3FY20 results.

ICICI Bank Ltd. is trading above its 200 day SMA of 1361.7

ICICI Bank Ltd.

25 Jan 2020

1394.30

-0.51%

ICICI Bank (BUY): Core profitability remains strong

Buy: ICICI Bank Ltd.

Target

BOB Capital Markets Ltd.

ICICI Bank's (ICICIBC) Q3FY20 PAT at Rs 41bn was driven by 24% YoY growth in NII and lower provisions.

ICICI Bank Ltd. is trading above its 200 day SMA of 1361.7

ICICI Bank Ltd.

25 Jan 2020

1394.30

-0.51%

Strong operating performance; margins expand on improving asset mix

Buy: ICICI Bank Ltd.

Target

Motilal Oswal

Loan growth in chosen business segments (Retail, Business Banking & SME) remained buoyant, while deposits growth moderated in the quarter. Slippages adjusted for the two corporate accounts were on track, while retail slippages rose due to seasonal weakness in agri segment. We expect the operating performance to remain healthy, while high PCR and limited exposure to stress names will keep credit cost under control. Maintain Buy. PAT increased 158% YoY to INR41.5b (5% beat), led by strong NII and lower provisions. NII was up 24% YoY to INR85.5b (3% beat), led by ~13% YoY loan growth and 13bp QoQ margin expansion (10bp benefit due to interest recoveries from steel account). Other income was up 18% YoY, led by core fee income growth of ~17% YoY YoY at INR5.3b. Opex increased 21% YoY to INR55.7b (in-line), resulting in PPoP growth of 23% YoY to INR75.5b (6% beat). Core PPoP was up 24% YoY.

ICICI Bank Ltd. is trading below its 30 day SMA of 1415.2

ICICI Bank Ltd.

19 Dec 2019

1394.30

-0.51%

ICICI Bank

Buy: ICICI Bank Ltd.

Target

Sharekhan

ICICI Bank continues to be our preferred pick and is among the best plays on the improving trend in asset-quality issues. Revival of earnings growth and improvement in advances book and return ratios (ROEs to improve to 15% in FY2022E from ~3% in FY2019A) are key re-rating triggers for the stock. In this note, we have introduced FY2022E earnings estimates and are accordingly rolling over our price target (PT) on FY2022E book value estimates. We retain our Buy rating on the stock with a revised PT of Rs. 630 (2.3x its standalone...