Buy ICICI Bank; Target Rs. 540 & Bata India; Target Rs. 1,760

Buy ICICI Bank; Target Rs. 540 & Bata India; Target Rs. 1,760

ICICI Bank Ltd (ICBK):

ICICI Bank

ICICI Bank Ltd has officially announced a consolidated interest income of Rs. 15,136.52 Cr for the quarter finished on 30-09-2019, which is 4.88% up from its previous quarter interest income of Rs. 14,431.69 and 23.89% up from its previous year’s same quarter interest income of Rs. 12,217.35 Cr. The firm has also announced its net profit after tax of Rs. 1,584.51 Cr in the most recent quarter.

Outlook:

ICICI Bank Ltd is a buy call with a target of Rs. 540 and a stop loss of Rs. 510; current market price: 521.50.

Bata India Ltd (BATA):

Bata India

Bata India Ltd has officially announced a consolidated sales of Rs. 721.96 Cr for the quarter finished on 30-09-2019, which is -18.22% down from its previous quarter sales of Rs. 882.76 Cr and 7.26% up from its previous year’s same quarter sales of Rs. 673.07 Cr. The firm has also announced its net profit after tax of Rs. 71.30 Cr in the most recent quarter.

Outlook:

Bata India Ltd is a buy call with a target of  Rs. 1,760 and a stop loss of Rs.  1,639; current market price: 1,671.50.

Disclaimer: The perspectives investment tips are given in this section are the expert’s own and not that of the website or its management. We encourage clients to check with certified experts before taking any position in the stocks/ shares mentioned.

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