BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
|Closed|| Long (1Y)
Bank of America Merrill Lynch maintains buy on ICICI Bank
The brokerage says profitability of ICICI bank has improved sharply in past 5 years. The stock to re-rate as return on equity rises from 14 per cent to 18 per cent by FY18, adds BofAML.