BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains buy on ICICI Bank
Slippages of ICICI Bank were marginally higher than expected. No asset sale to asset reconstruction companies was a positive but higher re-financing of Rs 2,000 crore is masking the underlying asset quality stress. ICICI Bank shares trade at 1.75 times its FY17 estimates book value, which is 15 per cent lower than its long term average.