Axis Securities is Equal Weight on ICICI Bank, target price Rs 1,500

Axis Securities has given ICICI Bank a target price of Rs 1500, citing strong anticipated performance and a potential return on assets of 2.2-2.3%. The bank recently reported a consolidated total income of Rs 72942.55 crore, representing significant year-over-year growth. Despite this positive outlook, a potential slowdown in credit growth due to lagging deposit mobilization is a concern.