ICICI Bank: 273-264-247 Might Be Very Good Demand Zone In The Current Market Scenario

Increase Thrust On Digital Banking, Better Loan Spreads/NIM & NPA Management Along With SDR Push & Power Sector Reforms May Help

CMP: 278

Buy :275-273

TGT: 286-295-321-338 (1-6M)

TGT: 353-395-410-530 (12-24M)

TSL<270

Note: Consecutive closing below 270 for any reason, ICICI may fall up to 264-247 area, where it can be again accumulated for investment purposes/better buying averages with TSL<240.

As par BG Metrics :

Current median valuation may be around: 325 (FY:15)

Projected fair valuations might be around: 355-400-435 (FY:16-18)

SCRIP	EPS(TTM)	BV(Act)	P/E(AVG)	Low	High	Median	200-DEMA	10-DEMA
ICICIBANK	19.8	138.52	18	327.73	313.52	320.62	301.36	275.8

ICICIBANK

24.05

159.3

18

361.19

345.53

353.36

301.36

275.8

ICICIBANK

30.5

183.25

18

406.75

389.12

397.94

301.36

275.8

ICICIBANK

35.55

210.95

18

439.14

420.10

429.62

301.36

275.8

Analytical Charts: