Sell ICICI Bank With Stop Loss Of Rs 1110

ICICI Bank
Technical analyst Hitesh Eidnani of Trend Tech Consultants has maintained 'sell' rating on ICICI Bank routine with a short-term target of Rs 1050.

According to analyst, the investors can retail the routine with a bring to a halt loss of Rs 1110.

The analyst besides thought with the aim of the routine will decline advance, so it's better to retail it in a jiffy.

The routine of the company, on December 15, congested by the side of Rs 1078.05 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 28.53 correspondingly.

ICICI Bank Ltd has entered into advance deals worth $1.5 billion with two Chinese banking institutions.

Industrial and Commercial Bank of porcelain Ltd. (IDCBY) will supply a loaning amount of $1 billion to ICICI Bank and porcelain Development Bank an other $500 million to assist Indian firms deposit imports from porcelain.

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

Interest earned remained by the side of Rs 63,091 million in place of the episode under periodical.