Buy ICICI Bank With Stop Loss Of Rs 1099

ICICI Bank
Technical analyst Hitendra Vasudeo has maintained 'buy' rating on ICICI Bank Limited routine with targets of Rs 1152 and 1190.

The analyst thought with the aim of the routine can be purchased with a bring to a halt loss of Rs 1099.

The routine of the company, on December 21, congested by the side of Rs 1138.55 on the Bombay Stock Exchange (BSE).

The share charge has seen a 52-week prohibitive of Rs 1277 and a low of Rs 780 on BSE.

Current EPS & P/E ratio stood by the side of 38.06 and 29.80 correspondingly.

It is reported with the aim of welcoming the JSW Ispat transaction, ICICI Bank, the top lender to IIL acknowledged with the aim of the act will support the balance sheet of Ispat.

Chanda Kochhar MD & first in command of ICICI Bank acknowledged with the aim of the admission of a great big strategic investor into the company will refresh its pick up and facilitate productive wear out of its capability.

"This transaction protects the interests of lenders and enhances quantity in place of other stakeholders. Further, this transaction besides remuneration the scaling-down as a in one piece, as it will prime to optimal and efficient consumption of single of the chief steel making facilities in the terrain by the side of a schedule whilst we are embarking on a major investment drive," Mr. Chanda added.

ICICI Bank recorded get profit of Rs 12,362.7 million in place of the three month episode ended Sep 2010, a growth of 18.86% as compared to Rs 10,401.3 million in place of the same quarter of 2009.

Interest earned stood by the side of Rs 63,091 million in place of the episode under periodical as compared to Rs 66,569.4 million in place of the same episode of 2009.