Buy ICICI Bank With Target Of Rs 1245, Technical analyst Parsh Zaveri of Zaveri Investments has maintained ‘buy’ rating on ICICI Bank Ltd stock with a 2-3 day target of Rs 1245. According to analyst, the investors can buy the stock with a stop loss of Rs 1160. Today, the stock of the company opened at Rs 1187 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 1277 and a low of Rs 780 on BSE.
Current EPS & P/E ratio stood at 38.06 and 30.98 respectively.
HDFC and ICICI Bank are all set to put an end to teaser home loan plans under which loans are offered at minor rates for the first few years.
HDFC and ICICI Bank become the first lenders to halt the plans after the central bank raised the provisioning for such loans to 2% in its monetary plan appraisal during the last month.
The bank recorded an increase of 18.86% in its net profit, which stood at Rs 12,362.7 million for July-September period as compared to Rs 10,401.3 million for the same quarter of 2009.
Interest earned dropped 5.23% to Rs 63,091 million for the said period as against Rs 66,569.4 million for the same quarter of 2009.
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