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ICICI Bank Limited (ICICIBANK) Receives a Buy from IDBI Capital

Tipranks - Tipranks - Wed Jan 21, 10:40AM CST

In a report released yesterday, from IDBI Capital maintained a Buy rating on ICICI Bank Limited, with a price target of INR1,640.00. The company’s shares closed today at INR1,379.80.

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The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ICICI Bank Limited with a INR1,640.00 average price target, representing a 18.86% upside. In a report released today, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a INR1,559.00 price target.

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Based on ICICI Bank Limited’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR745.76 billion and a net profit of INR135.58 billion. In comparison, last year the company earned a revenue of INR672.7 billion and had a net profit of INR116.96 billion

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