Short Term Buy Call For ICICI Bank

Short Term Buy Call For ICICI BankStock market analyst Pradeep Surekha is of the view that investors can hold ICICI Bank stock to achieve a short term target of Rs 920.

According to analyst, the investors can buy the stock with stop loss between Rs 855-860.

Today, the shares of the company opened at Rs 880 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1009.50 and a low of Rs 621.90 on BSE.

Current EPS & P/E ratio stood at 36.10 and 25.12 respectively.

In addition to 468 divisions, ICICI Bank will also get control of 58 arms of a regional rural banking institution sponsored by Bank of Rajasthan.

The regional rural bank (RRB) sponsored by Bank of Rajasthan is the Mewar Aanchalik Gramin Bank (MAGB), which was set up in the year 1983.

It has divisions spread across three districts, which include Udaipur, Rajsamand and Pratapgarh in Rajasthan.

There're rumors of ICICI Bank being litigated by a US Broking company.

However, ICICI Bank shot back with a clarification shortly.

A representative from ICICI Bank stated, "There are baseless rumours circulating in the market through SMS and emails about a law suit filed against ICICI Bank in the US. We categorically deny any such law suit and state that these are malicious and unfounded rumours. We have lodged a complaint with regulatory and law enforcement agencies."