icici bank share price: Buy ICICI Bank, target price Rs 680: Motilal Oswal

Motilal Oswal has buy call on with a target price of Rs 680. The current market price of ICICI Bank Ltd. is Rs 647.5.

ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 447083.19 Crore).

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 40454.45 Crore, up 2.88 % from last quarter Total Income of Rs 39321.42 Crore and up 5.43 % from last year same quarter Total Income of Rs 38370.95 Crore. The bank reported net profit after tax of Rs 5498.15 Crore in latest quarter.

Investment Rationale
Pole and flag breakout with higher highs – higher lows on monthly frame.

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 58 per cent, DIIs 34.3 per cent and public and others 7.7 per cent.