TO GET TIPS FOR TRADE IN LIVE MARKET WHATSAPP ON 7772909587
ICICI Bank continues to be our
top pick as we believe that the underlying conditions provide a favourable
testing ground for the bank to differentiate itself in relation to its key
peers. A strong liability profile, better asset mix, slower growth and healthy
CAR could make ICICI Bank well-positioned to come through this challenging
period with a relatively lower degree of stress.It maintains the positive view
on ICICI Bank and that the recent price correction offers another attractive
entry point into the stock.
ICICI Bank stock price
rose over 8% on Thursday after Kotak Institutional Equities referred
the stock as its top pick and maintained 'buy' call on the private sector
lender. However, the research cut its target price to Rs 490 from Rs 615 per
share . ICICI Bank share opened with a gain of 3.45%
and later touched an intraday high of Rs 344.95, rising 8.13% as against the
last closing of Rs 319.ICICI Bank stock price traded higher than 5-day
moving averages but lower than 20, 50, 100 and 200-day moving averages. ICICI
Bank stock has risen 8.27% in the last month.
ICICI Bank continues to be our
top pick as we believe that the underlying conditions provide a favourable
testing ground for the bank to differentiate itself in relation to its key
peers. A strong liability profile, better asset mix, slower growth and healthy
CAR could make ICICI Bank well-positioned to come through this challenging
period with a relatively lower degree of stress.It maintains the positive view
on ICICI Bank and that the recent price correction offers another attractive
entry point into the stock.
I am regular visitor of your blog and regularly following
ReplyDelete.
This comment has been removed by the author.
ReplyDeleteThankyou sir for visit our blog!!
ReplyDelete