Sunday, August 12, 2007

ICICI Bank - good pick at right price

  • Sector : Banking
  • CMP : Rs. 865
  • 52 Weeks High : Rs. 1010
  • 52 Weeks Low : Rs. 460
  • 3 Months Target Price : Rs. 1000
  • 6 Months Target Price : Rs. 1250
  • Risk : Moderate

About the Company

ICICI Bank is the largest private sector bank and the second largest bank in the country in terms of assets. It is a pan-Indian player. The company has boosted its overseas operations in the last three years and has now presence in 17 countries either through subsidiaries or extension counters. Total branches excluding the network of recently merged Sangli Bank, stood at 710 branches, 45 extension counters and 3,271 ATMs. Of this, 63% of the branches are in metropolitan and the remaining in semi-urban/rural areas.

Between the Line

As I have posted in the my blog don't go for FPO (Link - http://rtyagis.blogspot.com/2007/06/icici-bank-hum-hain-na.html). Now start buying this banking stock from price 850 or less. It will give you around 40+% return in the coming year.

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