CapitalStars Financial Research Pvt Ltd


CapitalStars Financial Research Private Limited is an advisory company incepted with a vision of providing fair and accurate trading and investment calls in share and commodity market.we specialize in thorough fundamental and technical research analysis in equity and commodity market to provide best equity and commodity tips to traders and investors.we provide intraday as well as delivery stock tips in NSE and BSEand commodity tips in MCX and NCDEX. Read More

Commodity Market Services

Commodity Market Services

In this service we provide 3-4 intraday calls in MCX with a high level of accuracy. The calls are given in Precious Metals, Base Metals and Energies. You can also avail Free Tips for two days to test our accuracy and if satisfied you can join the services with Capital Stars. Read More

Nifty Market Services

Nifty Future Services

We provide you around 1-2 nifty calls, Bank Nifty Futures, nifty futures tips, sgx nifty tips Daily. You can gain more profit, Get 2 days free trial calls. Read More

Equity Market Services

Equity Market Services

In this service we provide 2-4 intraday stock cash calls in NSE/BSE with a high level of accuracy.You can also avail Free Stock Tips for two days to test our accuracy and if satisfied you can join stock cash services with Capital Stars. Read More

Register now

CapitalStars provides Free Trial in Intraday as well as in Positional Services of Equity, Derivatives, and Commodities and Forex Markets. We provide recommendations in NSE, BSE, MCX, NCDEX, and MCX-SX etc. We render you enough entry and exit time in our calls so clients can easily maximize their profits. Read More

Thursday, 4 May 2017

ICICI Bank surges 9% after three-fold jump in Q4 net profit : 4 May 2017

Shares of ICICI Bank surged nearly 9% to Rs 296 on the BSE  after the bank reported a 188% year-on-year (YoY) rise in its March quarter (Q4) standalone net profit at Rs 2,025 crore. The private sector lender had logged profit of Rs 702 crore in the year-ago quarter.

Gross bad loans as a percentage of advances were at 7.89%, against 5.21% in the year-ago period. In the third quarter ended December 2016, the bank’s gross non-performing asset (GNPA) ratio was 7.20%.

“Prima facie, the asset quality deteriorated, with the Net NPA ratio jumped by 108 bps QoQ. However, out of the total slippages of Rs 11,289 crore, one single account from the cement sector contributed Rs 5,378 crore to the fresh NPA addition (added as per RBI’s instruction to banks). Adjusting for that one account, the rest of the slippages stood at Rs 5,911 crore, which was relatively lower than the previous few quarters’ slippage run-rate” said Sharekhan in its stock update.

The brokerage firm believes that the worst in terms of asset quality slippages is behind. The ICICI Bank management has guided that the pace of slippages in FY2018E will be slower compared to FY2017.

“We believe that H2FY2018E can see more meaningful improvements in asset quality, which will be important for the gradual re-rating of the stock (currently trading at 1.8x FY2019E ABV). We are upgrading our recommendation to ‘Buy’ from ‘Hold’ with a revised price target of Rs 320,” added the report.

“ICICI Bank has fully utilized the available floating (Rs 1,515 crore) and contingent provisions (Rs 1,528 crore) and has guided for significant moderation in slippages/provisions going ahead. We maintain BUY with price target of Rs 330 (1.5x FY19E ABV),” said analyst at Antique Stock Broking in Q4 result review.

At 09:24 am; the stock was up 5.7% at Rs 288 on BSE against 0.56% rise in the S&P BSE Sensex. The trading volumes on the counter more than doubled with a combined 16.39 million shares changed hands on BSE and NSE so far.

Looking for investment in Share Market, CapitalStars Financial Research Private Limited provides you best investments Tips in Share Market.It  daily provides intraday and Future calls.We generate intraday as well as delivery calls in Stock cash and F&O in NSE & BSE, Commodities.

Get more details here:-

Commodity Market Tips
Equity Tips
Share Market Tips

* Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647


Post a Comment