Stock market analyst Salil Sharma of Sharma & Kapoor has maintained 'buy' rating on ICICI Bank Ltd stock to achieve a target of Rs 1049.

Mr. Sharma said that the interested investors can buy the stock with stop loss of Rs 1018.

The stock of the company, on Sep 08, closed at Rs 1025.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1047.90 and a low of Rs 780 on BSE.

Current EPS & P/E ratio stood at 37.41 and 27.75 respectively.

ICICI Bank eyes credit growth to lift up by the second half of the existing fiscal.

The bank experiences no problems in lifting deposits, ICICI Bank chief executive stated.

The country's second biggest private sector banking institution declared a year-on-year increase of 5.38% in its consolidated net profit for the three month period ended June 30, 2010.

The bank's consolidated net profit for April-June period stood at Rs 10,260 million.

On consolidated basis, ICICI Bank's total income recorded a y-o-y decline of 7.39% at Rs 135,353.10 million over the prior year period.

On standalone basis, ICICI Bank recorded a y-o-y rise of 16.82% in its net profit for the three month period ended June 2010 to Rs 10,259.80 million.

Total income on standalone basis was at Rs 74930.50 million, a y-o-y fall of 18.75% over the last year period.