About Me

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Ashish Ghosh is a NCFM certified research analyst for the global and Indian financial markets. With more than 15 years of experience in the capital market, Ashish has been published in high-profile online media regularly. He holds a B.Sc. in Math along with NCFM certification for Technical and Fundamental analysis. Presently, he is working with iForex as a financial analyst/content writer since 2017, analyzing mainly the global and Indian markets. You can reach him through Gmail/telegram ID: asisjpg

Friday, 9 October 2015

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: 








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