BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Angel Broking maintains accumulate on ICICI Bank
Outlook on ICICI Bank's earnings remains challenging over next two years. However, at current levels downside remains limited. At current price ICICI Bank's banking business is trading at 1 times its FY2018 estimated book value per share. Current valuation adequately factor in the relatively stressed assets in the bank's book.