Kotak Institutional Equities maintained buy call on ICICI Bank and raised price target to Rs 510 from Rs 460 apiece as balance sheet is getting stronger and valuation is inexpensive.
"Business is back on track to deliver normalised levels of return on equities by FY20-21," the brokerage said, adding there’s negligible risk in the corporate portfolio.
"Business is back on track to deliver normalised levels of return on equities by FY20-21," the brokerage said, adding there’s negligible risk in the corporate portfolio.
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