BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
HDFC Securities maintains buy on ICICI Bank
HDFC Securities has maintained buy on ICICI Bank for targt price of Rs 338. It says while the slippages were at a 7-quarter low, we believe bulky exposures will haunt ICICIBC in the near term. Our confidence in the long term is underpinned by gradual healing in the Corporate segment, monetisation in subsidiaries, healthy capital position and sustained build up in Retail franchise (asset, liability and fees).