BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss Maintains 'Buy' On ICICI Bank
According to Edelweiss, ICICI Bank's core operating performance surpassed expectation in March quarter, with a domestic loan growth of more than 15 per cent and NIM improvement (despite higher stress) leading to an NII beat. ICICI Bank's franchise prowess, soft FY18 notwithstanding, will enable it to deliver healthy returns by FY20, the brokerage adds.