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ICICI Bank
Sell ICICI Bank, says Madan
Posted by :
ArunadTracked by: 0 Boarder
Bank is facing problem because of its arrogance and highheadedness of its management.They were raising funds all over world in the name of capital and investing in subprime securities with Investment banks like Lehman and AIG insurance backed papers wknowingly that these may remain paper only. Their auto and credit card loan portfolio are worst affected.NPA will be too high. RBI is being asked to help arranging cash. LINKs are failed so that outgo from system is delayed.Their managers are not lifting phone. They are returning chaques on flimsy ground of signature difference or present again clause. Customers are now finding difficult to deal with this bank. CMD of bank is crying that short sellars have hammered this counter.Why not? They got an oppertunity to earn.Its part of market operation.Its going tobe further down. Investor must get out of this bank share to avoid further loss....
In reply to:
Sell ICICI Bank, says Madan
Posted by : winwath
We are not asking for Driver`s Lisc. or passport as ID proof on these boards.
You should at least identify yourself with a nick name before making such acrimonious complaint against a financial institution. Can you substantiate your statements.
How many of your friends and relatives have moved their money out of this bank? Just ask around.
People are comfortable with the bank. They are not comfortable with its service and its involvement with Lehman bros in the US Sub prime investments. That is the main reason why its stock is paying a price.
The bank`s total assets are in excess of US100 billion. Its profit for year end 31/3/2008 was a little over $1billion (Rs 4158 crores)
Even if all of the $80 million exposure it is less than 1/10th of its 2008 earnings.
Companies fundamentals are excellent. The management is gr8 - the staff that interacts with the general public needs training in public relations and basic courtesies.
Buy ICICI Bank below Rs 500: Mathew
Posted by : ArunadTracked by: 0 Boarder
Mr Mathew,please check from your sources,how much securities ICICI is having backed by AIG insurance for credit default swap.ICICI and all other banks from India having exposure with AIG backed securities in case of credit default are facing and will face cash crunch in due cource for the losses.All the USA and European banks are facing this problem. Further Indian Mutual funds will have to sale or face huge losses on mark to market conditions.ICICI is heading for below 100 in next 3 months. Let this rally be over again short sellars will have their say in the market. All expansions proposed with ECB and PE players have gone and now corporates are facing huge cost and time overrun.This is also again going to affect ICICI. Check with ICICI for the provisions which are expected on retail front.DO not reccomond blindly please....
In reply to:
Buy ICICI Bank below Rs 500: Mathew
Posted by :
MMB Messenger
Technical Analyst, E Mathew is of the view that one can buy ICICI Bank below Rs 500. One could even look for a short-term target of around Rs 602 here. That is achievable since the banking stocks are the ones, which will clearly outperform.
bounce back can be sharper
Posted by :
kadiyaliTracked by: 1 Boarder
No one is short in ICICI Bank. In fact almost all are long in this counter with varying quantities at different prices. As and when offloading takes place, the share of ICICI Bank dips. RBI had given a good chance for investors to get out of this stock today by cutting CRR by 50bps. The expected pull back did happen, and the stock price did touch Rs 521. Thereafter it has started sliding and it is already Rs 470 now. My prediction of Rs 390 for this share is only a few trading days away. Never ever wait for this stock to reach your expectation of 600-620 in the near future. In fact, ICICI Bank will not touch even Rs 550 during this financial year....
In reply to:
bounce back can be sharper
Posted by : marketbear
Bounce bank in ICICI Bank may be sharper in coming sessions as everyone is short on ICICI Bank and rally can take blood out of the short sellers in coming sessions as they will be left with no alternative than cover as short covering can force stock to move up to level of even 600-620 levels.
S O T projection for TODAY !
Posted by : ch1ragTracked by: 0 Boarder
wat support there is no support for this stock as FII s holding is about 40%.u can clearly see they dont have respect even for market levels ,they juss wanna pull out there money..ICICI BANK HAS BECOME FUN NOW juss wait n watch...
In reply to:
S O T projection for TODAY !
Posted by : DUstocks
At the current Speed Of Trend (SOT analysis), ICICIBANK is not trending at enough Speed. Wait for the scrip to take a trend.
Support & Resistance LEVELS for today :
R3 R2 R1 P S1 S2 S3
526.61 513.28 501.66 488.33 476.71 463.38 451.76
Please don`t interpret SOT figures in ABSOLUTE terms for setting up your trades, use them only for general directional guidance - all at your risk & responsibility of course. If you do not understand what SOT projections are all about, just ignore this post, rather than setting up your trade upon something you know nothing about.
bounce back can be sharper
Posted by : marketbearTracked by: 1 Boarder
Bounce bank in ICICI Bank may be sharper in coming sessions as everyone is short on ICICI Bank and rally can take blood out of the short sellers in coming sessions as they will be left with no alternative than cover as short covering can force stock to move up to level of even 600-620 levels....
S O T projection for TODAY !
Posted by : DUstocksTracked by: 0 Boarder
At the current Speed Of Trend (SOT analysis), ICICIBANK is not trending at enough Speed. Wait for the scrip to take a trend.
Support & Resistance LEVELS for today :
R3 R2 R1 P S1 S2 S3
526.61 513.28 501.66 488.33 476.71 463.38 451.76
Please don`t interpret SOT figures in ABSOLUTE terms for setting up your trades, use them only for general directional guidance - all at your risk & responsibility of course. If you do not understand what SOT projections are all about, just ignore this post, rather than setting up your trade upon something you know nothing about.
...
Sell ICICI Bank, says Madan
Posted by : manu1810Tracked by: 0 Boarder
don`t worry guys,icici will again touch14-1500 but in fy09-10....
In reply to:
Sell ICICI Bank, says Madan
Posted by : winwath
We are not asking for Driver`s Lisc. or passport as ID proof on these boards.
You should at least identify yourself with a nick name before making such acrimonious complaint against a financial institution. Can you substantiate your statements.
How many of your friends and relatives have moved their money out of this bank? Just ask around.
People are comfortable with the bank. They are not comfortable with its service and its involvement with Lehman bros in the US Sub prime investments. That is the main reason why its stock is paying a price.
The bank`s total assets are in excess of US100 billion. Its profit for year end 31/3/2008 was a little over $1billion (Rs 4158 crores)
Even if all of the $80 million exposure it is less than 1/10th of its 2008 earnings.
Companies fundamentals are excellent. The management is gr8 - the staff that interacts with the general public needs training in public relations and basic courtesies.
BLACK MONDAY
Posted by : sankarantprTracked by: 0 Boarder
Starting with Newzealand market in the monday morning continuing the blood path
the sensex dipped below 12000 since SEP 2006 and this Tsunami centred now at US
with Dow Jones dipping below 9800 points
sliding by nearly 560 points.Everyday the new bottom is tested and nobody knows what is in store for the retail investors
like us.21000 points in January looked like a distant dream and one of the worst years this 2008 and still 3 more
months remaining.
Analysts say that it is right time for bottom fishing since many of the good stocks are available cheap.But hesitancy is the norm while going for investments at present.
Is it a silver lining the CRR reduction
and PNote restrictions removable in the otherwise murky horizon. ...
Sell ICICI Bank, says Madan
Posted by : GuestTracked by: 0 Boarder
sorry winwath,
catching your feet to forgive me...,
same guest :-)
...
In reply to:
Sell ICICI Bank, says Madan
Posted by : winwath
We are not asking for Driver`s Lisc. or passport as ID proof on these boards.
You should at least identify yourself with a nick name before making such acrimonious complaint against a financial institution. Can you substantiate your statements.
How many of your friends and relatives have moved their money out of this bank? Just ask around.
People are comfortable with the bank. They are not comfortable with its service and its involvement with Lehman bros in the US Sub prime investments. That is the main reason why its stock is paying a price.
The bank`s total assets are in excess of US100 billion. Its profit for year end 31/3/2008 was a little over $1billion (Rs 4158 crores)
Even if all of the $80 million exposure it is less than 1/10th of its 2008 earnings.
Companies fundamentals are excellent. The management is gr8 - the staff that interacts with the general public needs training in public relations and basic courtesies.
Sell ICICI Bank, says Madan
Posted by : GuestTracked by: 0 Boarder
exit ICICI Bank. Reserve bank to cut CRR by 50 bps is a sign that there is shortage of funds in the system. Bank like ICICI bank is in deep trouble.exit now................
In reply to:
Sell ICICI Bank, says Madan
Posted by : winwath
We are not asking for Driver`s Lisc. or passport as ID proof on these boards.
You should at least identify yourself with a nick name before making such acrimonious complaint against a financial institution. Can you substantiate your statements.
How many of your friends and relatives have moved their money out of this bank? Just ask around.
People are comfortable with the bank. They are not comfortable with its service and its involvement with Lehman bros in the US Sub prime investments. That is the main reason why its stock is paying a price.
The bank`s total assets are in excess of US100 billion. Its profit for year end 31/3/2008 was a little over $1billion (Rs 4158 crores)
Even if all of the $80 million exposure it is less than 1/10th of its 2008 earnings.
Companies fundamentals are excellent. The management is gr8 - the staff that interacts with the general public needs training in public relations and basic courtesies.
Sell ICICI Bank, says Madan
Posted by : niryatTracked by: 0 Boarder
Looks you are advocating the bank, as if you are on the board opf directors. Area your aware that in Saving Accounts alone the bank has more than One Million Dormant accounts where quarterly charges of Rs.750.00 (annullised Rs.3000.00) are levied to show profits, though this amount may never get recovered. RBI guidelines do not permit overdraft in Saving accounts whereas all these dormant accounts are overdrawn by non-compliance of minimum balance requirements. The had an exposure of over Rs. 5000 Crores to Lehman Bros., how can you justify that. This is just of part rather small fraction of the inside working of ICICI Bank, if proper RBI aduit is done many more skeltons would fall out of the closed cupboard...
In reply to:
Sell ICICI Bank, says Madan
Posted by : winwath
We are not asking for Driver`s Lisc. or passport as ID proof on these boards.
You should at least identify yourself with a nick name before making such acrimonious complaint against a financial institution. Can you substantiate your statements.
How many of your friends and relatives have moved their money out of this bank? Just ask around.
People are comfortable with the bank. They are not comfortable with its service and its involvement with Lehman bros in the US Sub prime investments. That is the main reason why its stock is paying a price.
The bank`s total assets are in excess of US100 billion. Its profit for year end 31/3/2008 was a little over $1billion (Rs 4158 crores)
Even if all of the $80 million exposure it is less than 1/10th of its 2008 earnings.
Companies fundamentals are excellent. The management is gr8 - the staff that interacts with the general public needs training in public relations and basic courtesies.
Sell ICICI Bank, says Madan
Posted by : winwathTracked by: 0 Boarder
We are not asking for Driver`s Lisc. or passport as ID proof on these boards.
You should at least identify yourself with a nick name before making such acrimonious complaint against a financial institution. Can you substantiate your statements.
How many of your friends and relatives have moved their money out of this bank? Just ask around.
People are comfortable with the bank. They are not comfortable with its service and its involvement with Lehman bros in the US Sub prime investments. That is the main reason why its stock is paying a price.
The bank`s total assets are in excess of US100 billion. Its profit for year end 31/3/2008 was a little over $1billion (Rs 4158 crores)
Even if all of the $80 million exposure it is less than 1/10th of its 2008 earnings.
Companies fundamentals are excellent. The management is gr8 - the staff that interacts with the general public needs training in public relations and basic courtesies.
...
In reply to:
Sell ICICI Bank, says Madan
Posted by : Guest
bank will going to be colaps becasue people started to take money from ICICI bank surely it will come down around 50 rs it not a joke. but it may take 1 to 2 years because ICICI gave alot of loans people are become a defaulter with in one to two years already 20% people are defaulters.beware regarding ICICI
adr price movement
Posted by : boysiTracked by: 0 Boarder
I have just checked its latest adr price and found that its down by almost 20% from its previous close. Can anybody please tell what will happen to its price in tommorow trading session if adr price do not recover. I am expecting fall of around atleast 10% tommorow. ...
A Chance to Get Out of ICICI
Posted by : kadiyaliTracked by: 0 Boarder
RBI has cut CRR by 50bps. Addl liquidity of Rs 20K crores is going to be released in the banking system. It will positively improve sentiments for banking stocks. An immediate pull back in the prices of banking stocks can be expected tomorrow. Those who are stuck with ICICI at Rs 550 to Rs 600 recently, can get out at Rs 526 in a day or two, and wait for Rs 390 level within a month.
SEBI and RBI are doing a good job to ensure that the financial meltdown of US which has already spread to Europe, does not touch Indian banking systems, especially ICICI Bank. Their efforts will definitely bear fruits in ensuring that ICICI Bank or for that matter any other Indian bank remains safe. But the effects of bearish trends of stock markets all over the world will defintely cover even Indian stocks, and ICICI Bank will touch Rs 390 in less than a month....
Does that ring bells in your ears?
Posted by : nb@2008Tracked by: 0 Boarder
JP Morgan bid for acquiring Washington Mutual during March-April this year. 6 Months later, Washington Mutual, all of a sudden becomes bankrupt, and is bought by JP Morgan for a petty 1.9$ Billion as compared to its original worth around 400$ Billion. Does that ring bells in your ears???...
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