ICICI bank is the most aggressive and growth oriented bank among large cap banking stocks and this makes it a large cap banking stock to buy. Let's checkout it's stock analysis.
ICICI bank is second largest bank in India and a biggest private sector bank. It has total assets of Rs.3.60 Trillion under management. ICICI bank mainly focuses on retail banking operations. Retail lending and retail financing comprises of 40% of it's loan portfolio.
ICICI bank has started looking at international markets and corporate sector loans and financing which is going to be next big growth drivers for bank.
ICICI bank's business model is one of the most fit and lean business model among all bank in India and that shows that bank is on right track to be an efficient value creator.
Asset quality of bank is good and non performing loans for bank are reducing.
At current stock price of Rs.1025, stock trades at forward FY 12 P/E of 17.7 with estimated EPS of Rs.57.7 against current EPS of Rs.36.1 (current P/E stands at 28.39)
One may buy stock of ICICI bank for stock price target of Rs.1300 in medium term.
