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ICICI Bank hits new 52-week highs on October 4, 2010

October 5th, 2010

ICICI Bank (BSE: 532174; NSE: ICICIBANK; ISIN: INE090A01013) is amongst its other banking peers to have seen new heights in the recent bull run.
ICICI Bank has hit a new 52-week high on trades on October 4, 2010 when it touched Rs. 1169.75 on the BSE during intra-day.

The script opened at Rs. 1140 touched a new high of 1169.75 and low of 1140 before closing at 1157.75.

Brokerage Recommendation

Choksey, speaking to a business media outlet on Sep 29, 2010 has said that ICICI Bank can see a 25-305 kind of appreciation.

While a section of market experts feel that there is still some upward gap left for select banking stocks, some others feel the banking stocks are bubbling and it is time to book profits.

News

ICICI Bank, on September 30, 2010 has said that it is seeing a 18% loan growth during 2010/11 and 20-22% growth in FY2012.

The recent Supreme Court verdict that the assignment of debt between banks (aka sale of Non-Performing Assets) has come as a good news for the banks.

Entry Filed under: Equity Markets, Banks & NBFC