Stock market analyst Mitesh Thacker has maintained 'buy' rating on ICICI Bank stock with a short term target of Rs 1070.

According to analyst, the interested investors can buy the stock with stop loss of Rs 1025.

The stock of the company, on Sep 06, closed at Rs 1037.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1045.60 and a low of Rs 756 on BSE.

Current EPS & P/E ratio stood at 37.41 and 27.88 respectively.

ICICI Bank, on Aug 26, has assigned bank's shares to stockowners of Bank of Rajasthan (BoR) accompanying the merger of the two private banking institutions.

Around 25 shares of ICICI bank were assigned for 118 equity shares of Bank of Rajasthan.

ICICI Bank's shares' have been assigned to stockowners of erstwhile BoR whose names were in the depositories record as on August 25.

On August 14, the central banking institution (RBI) has finally given nod to the acquirement of BoR by ICICI Bank.

In a release, the RBI stated, "All branches of BoR will function as branches of ICICI Bank with effect from August 13, 2010. This is consequent upon the RBI sanctioning the scheme of amalgamation of BoR with ICICI Bank. The scheme has been sanctioned in exercise of the powers contained in Sub-section (4) of Section 44A of the Banking Regulation Act, 1949. The scheme will come into force with effect from close of business on August 12, 2010."