ICICI Bank net profit rises 25 per cent to Rs 6,194 crore in the third quarter of the current financial year and Standalone RoE at 15%.Strong traction continued to build up on both sides of the balance sheet, with average CASA ratio of 45% (deposit growth at 16.4% YoY) and industry-leading loan growth of 16.4% YoY driving a strong earnings profile.
FII’s hold 45.3 % of the stock by reducing their stake by 2% YoY. The following are the revised targets of the Brokerages –
HDFC Securities – Rs 940
Axis Direct – Rs 990
Edelweiss – Rs 945
Motilal Oswal – Rs 1100