[Benjamin]

16 May, 2014

ICICI Bank rallied as much as 14.1 per cent in trade on Friday to hit its fresh 52-week high of Rs 1590.35. The stock was also top gainer in the 30-share Sensitive index.

According to experts, the bank looks well positioned to gain from improved lending as Indian economy accelerates over the next few years.

Though near term outlook for the bank remains challenging, given the current macro environment, from a structural point-of-view compared to peers, keeping in mind its robust franchise and capital adequacy (Total CAR at 17.7% and Tier-I at 12.8%), it remains one of the preferred banks, in our view, from a medium term perspective. We maintain Buy with a price target of Rs. 1,606

Quelle: http://economictimes.indiatimes.com/...w/35195617.cms

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Index:

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Indischer Broker: http://www.nseindia.com/live_market/...mbol=ICICIBANK
Daten für den 16.05.14:
Pr. Close 1,395.10
Open 1,450.00
High 1,593.20
Low 1,417.70