Sell ICICI Bank With Stop Loss Of Rs 1014

Sell ICICI Bank With Stop Loss Of Rs 1014Technical analyst D Prasad has maintained 'sell' rating on ICICI Bank Limited with a 2-3 day target of Rs 968.

According to analyst, the investors can sell the stock below Rs 999 with a stop loss of Rs 1014.

Mr. Prasad added that it is better to sell the stock at this time as it looks weak.

Today, the stock of the bank opened at Rs 1020 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 26.54 respectively.

ICICI Bank Ltd has declared that a gathering of its directors will take place on January 24 to consider the sanction of audited accounts for the three month period ended December 2010. (Q3).

ICICI Bank, country's biggest private sector banking institution and Vodafone Essar, one of the biggest mobile network operators in the country, declared a combined proposal to drive financial inclusion in India.

Under this affiliation, ICICI Bank and Vodafone Essar will provide a bunch of financial products including credit products, pre-paid tools and savings accounts through a cell pone based platform.

The said affiliation is likely to bring in the un-banked and under-banked people into the organized financial services structure and help in encouraging the e-payments market in the country.