Stock market analyst Manoj Sachdeva of Hem Securities has maintained 'buy' rating on ICICI Bank Ltd stock to achieve a target of Rs 1140.

According to analyst, the interested investors can buy the stock around Rs 1117 with a strict stop loss of Rs 1100.

Mr. Sachdeva said that the investors can achieve the target within 3-4 trading sessions.

Today, the stock of the bank opened at Rs 1094 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1135 and a low of Rs 780 on BSE.

Current EPS & P/E ratio stood at 37.41 and 29.94 respectively.

Bank's Emerging India Fund has made an initial closure by lifting up around Rs 225 crore from the Indian capitalists.

The fund, which is eyeing a final close at $100 Mn, is being dealt by ICICI Bank's wholly owned arm ICICI Investment Management Company Ltd.

Emerging India Fund, which was introduced in June 2009, is eyeing contracts in the below $10 million range.

India's biggest private sector lender announced a 5.4% growth in its consolidated net profit, which stood at Rs 1,091 crore, for the three month period ended June 30 as against the same period of 2009.

On a standalone basis, ICICI Bank announced a 17% year-on-year increase in its net profit to Rs 1,026 crore, which was in proportion to analysts' anticipations.

Net interest income of the bank stood at Rs 1,991 crore during the first quarter ended June 30 2010 as against Rs 1,985 crore during the same period last year.