ICICI Bank up 1%, CLSA keeps buy on stock with target of Rs 380

According to CLSA the bank expects NPL addition to be sharply lower in FY18, while the retail loans could drive 15-16 percent growth in domestic loans.

September 18, 2017 / 12:29 PM IST

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The broking house CLSA has maintained buy rating on ICICI Bank with a target of Rs 380 per share.

According to CLSA the bank expects NPL addition to be sharply lower in FY18, while the retail loans could drive 15-16 percent growth in domestic loans.

It sees a rerating potential once asset quality concerns abate.

On Friday, the company's ADR was ended up 0.22 percent at USD 9.16.

The share price has increased by 24 percent in the last nine months.

At 12:18 hrs ICICI Bank was quoting at Rs 293.70, up Rs 1.75, or 0.60 percent on the BSE.

The company's trailing 12-month (TTM) EPS was at Rs 15 per share. (Jun, 2017). The stock's price-to-earnings (P/E) ratio was 19.58

Posted by Rakesh Patil

Tags: #Buzzing Stocks

first published: Sep 18, 2017 12:28 pm

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Expert Trading Guidance

ICICI Bank up 1%, CLSA keeps buy on stock with target of Rs 380

According to CLSA the bank expects NPL addition to be sharply lower in FY18, while the retail loans could drive 15-16 percent growth in domestic loans.