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ICICI Bank
Next Low for ICICI Bank is Rs 267.
Posted by :
mukutTracked by: 0 Boarder
This pull back rally can go upto 3500 and ICICI Bank can touch 600....
In reply to:
Next Low for ICICI Bank is Rs 267.
Posted by :
kadiyali
Sensex closed 21.11.08 Friday with a gain of 464 points, and many frontline stocks including ICICI Bank has closed with positive gains. Whenever market reverses the downward trend, small investors fall prey to a feeling that the worst is over, and end up buying stocks at higher level. It is nothing but usual bear market trap. The market may go up at the most for one more trading day, and 25th Tuesday may see a negative closing of index/shares again. Investors who are long in ICICI Bank will do well to come out of the position on Monday itself, as global cues specially pertaining to Citi Bank`s move to sell assets or look for a merger/buyer will have a dampening effect on ICICI Bank. 
Next Low for ICICI Bank is Rs 267.
Posted by : kadiyaliTracked by: 0 Boarder
Sensex closed 21.11.08 Friday with a gain of 464 points, and many frontline stocks including ICICI Bank has closed with positive gains. Whenever market reverses the downward trend, small investors fall prey to a feeling that the worst is over, and end up buying stocks at higher level. It is nothing but usual bear market trap. The market may go up at the most for one more trading day, and 25th Tuesday may see a negative closing of index/shares again. Investors who are long in ICICI Bank will do well to come out of the position on Monday itself, as global cues specially pertaining to Citi Bank`s move to sell assets or look for a merger/buyer will have a dampening effect on ICICI Bank....
In reply to:
Next Low for ICICI Bank is Rs 267.
Posted by : kadiyali
FITCH AFFIRMS ICICI BANK RATINGS.
Deterioration in ICICI Bank`s financial profile notwithstanding, Credit rating agency FITCH on Wednesday retained various ratings on country`s largest private lender as the bank`s overall financial condition still remains strong.
"Although the bank`s financial profile has weakened over the past year or so, and its performance has been affected by rising provisions in both its loans & investment portfolio, its overall financial condition still remains adequate," Fitch Ratings said in a statement. Fitch also retained its support rating floor at BBB.
News on ICICI Bank as appeared in Deccan Chronicle of 20.11.08.
SEBI gives clean chit to Bears....
Posted by : sambalaTracked by: 0 Boarder
Buddha raps UPA for faith in capitalism
Kolkata, Nov 22 (IANS) Slamming the Congress-led United Progressive Alliance (UPA) government for its `faith` in capitalism, West Bengal Chief Minister Buddhadeb Bhattacharjee Saturday said the central government should learn from the ongoing economic turmoil in the US.
Bhattacharjee, a senior leader of the Communist Party of India-Marxist (CPI-M), stressed his party`s firm opposition to capitalism and said it was because of the Left that the UPA government at the centre could not invest pension funds of employees in the share market.
`Can you imagine what would have happened had the government invested the money in share funds? People would have never got their pension, given what is happening in the US now,` he said, addressing a rally at Baruipur in the South 24 Parganas district.
`We are against America and capitalist policies. The central government should learn lessons from the present economic recession,` Bhattacharjee said.
Citing the example of China, he said: `China has made itself self-sufficient. That`s why it is competing neck-and-neck with the US. We also have to make ourselves self-sufficient.`
He said peoples` money in the state-run banks and insurance companies in India was safe because the Left did not allow US companies to do business with public sector banks and insurance companies.
Bhattacharjee was also critical of the UPA`s efforts to forge strategic partnership with the US in the economic, political and defence spheres.
`The country is in a difficult position. The Congress is also in a bad position at present,` he said.
...
In reply to:
SEBI gives clean chit to Bears....
Posted by : marketman
SEBI report on icic bank stock moment....
In the backdrop of a global crisis in the financial sector and amidst liquidity fears, the share prices of several leading financial services companies across markets suffered a sharp decline. Rumours of financial trouble have caused a run on the banks in some overseas jurisdictions. The main spillovers have occurred in financial markets, reflecting the relative integration of such markets in the global financial system. In India, since January 2008 there has been decline in shares prices across sectors.
ICICI Bank had vide letter dated September 17, 2008 made a complaint to SEBI alleging that “a malicious rumour is being spread to the effect that some of the top management have been selling ICICI Bank shares for the last few days”. The price of the shares of ICICI witnessed a fall of 12.5% from Rs. 640 on 15/09/08 to Rs. 560.30 on 17/09/08.
ICICI Bank, on September 16, 2008 disclosed to the public through a press release about ICICI Bank UK PLC exposure to Lehman Brothers i.e. “ICICI Bank UK PLC is holding investment of Euro 57 million ($80 million) in senior bonds of Lehman Brothers Inc. ICICI Bank UK PLC already holds a provision of about US$ 12 million against investment in these bonds. Considering a 50% recovery estimate, the additional provision required would be about US$ 28 million”. On September 17, 2008, ICICI Bank Ltd informed the exchanges that "A malicious rumor is being spread to the effect that some of the top management has been selling ICICI Bank shares for the last few days. These rumors are baseless and irresponsible, and no shares have been sold by members of the top management of the Bank during the current year. ICICI Bank is taking up this matter with regulatory authorities for necessary action against those responsible for the rumors".
The shareholding pattern of ICICI Bank for the quarter ended on June 30, 2008, shows that around 68% of the shares were held by FIIs/Foreign entities (ADR). Similarly figures for the next quarter that ended on September 30, 2008, show that around 65% of the shares of ICICI Bank were held by FIIs/ Foreign entities (ADR) Rest of the shares by Indian Public including institutions. FIIs have reduced their holding in ICICI Bank between the quarter that ended on June 30 and Sep 30, 2008 by around 3%. The underlying shares against ADR held by Global Custodian also show a fall of around 20.5 million shares during the period representing Jan 1, 2008 to Sep 30, 2008 indicating an increase in the shares available in the Indian Market.
It is seen that the prices of ICICI Bank fell by 49.52% from Rs.720.45 on September 8, 2008 to Rs. 363.65 on October 10, 2008. During the same period, prices of ADRs of ICICI Bank saw a fall of 53.25% from Rs.717.77 on September 8, 2008 to Rs.335.55 on October 10, 2008. The prices of ADR has fallen more than the shares of ICICI Bank in Indian market. During this period NIFTY and SENSEX witnessed a fall of 26.82% and 27.3% respectively.
Trading pattern of the shares of ICICI bank was analyzed for the period September 8, 2008 to October 10, 2008:
The client category-wise breakup of turnover in the shares of ICICI Bank in the cash market shows that FIIs accounted for 23.57% and 18.61% of the value of shares sold and bought respectively whereas rest of the investors accounted for 76.5% and 81.4% of the value of shares sold and bought respectively.
Top 20 investors in ICICI Bank both on net buy and sell basis in the cash market shows that majority of them were FIIs (Net Buy: FIIs-14, MF-4, DII-1, Others-1) (Net Sell – FIIs -17, MF – 2, Others-1)
There was no pattern observed regarding placement of successive orders at lower price by sellers to hammer down the price.
There was no pattern observed of booking intraday profits by major clients or brokers during this period.
By and large, the trading patterns are consistent with the shareholding pattern of ICICI with predominant holdings by FIIs, the general buying and selling behaviour by FIIs and the broad movements of the market during this period. While SEBI continues its surveillance of the stock exchange trading in various securities, SEBI did not find evidence of manipulative trading in the ICICI Bank shares during the period referred to above.
SEBI gives clean chit to Bears....
Posted by : sambalaTracked by: 0 Boarder
SEBI chief rules out scam behind market meltdown
Ruling out market manipulation or a scam behind the recent market meltdown, regulator SEBI said only those FIIs who have borrowed huge amounts are leaving the markets, while long-term investors like pension funds and retail investors are picking up stocks.
"We have not found anything in the market that would give us suspicion that something had seriously gone wrong with the market itself," SEBI Chairman C B Bhave said.
When observed by the discussion moderator that the regulator is giving assurance that scams, which took place in bull runs in the past, are non-existent or negligible this time, Bhave said, "So far we have not seen anything."
Only leveraged FIIs like hedge funds are going out of the market, he said, adding that long-term investors like pension funds and university funds are buying stocks.
"Equity is going into the hands of people who have patience," he said, pointing out that many people who stayed away from the market last year have now started buying stocks.
Bhave said if four FIIs sold stocks, three others bought them during the period from September 1 to November 14, 2008.
He said FIIs net sold stocks worth Rs 22,000 crore, while brokers sold stocks worth Rs 700 crore on proprietary accounts in this period.
On the other hand, the net buying of stocks by mutual funds was worth Rs 1,000 crore, domestic institutional investors Rs 16,000 crore, and other investors including retail Rs 5,600 crore.
The market watchdog`s analysis shows that there was minimal net-selling from September 1 to November 14.
...
In reply to:
SEBI gives clean chit to Bears....
Posted by : marketman
SEBI report on icic bank stock moment....
In the backdrop of a global crisis in the financial sector and amidst liquidity fears, the share prices of several leading financial services companies across markets suffered a sharp decline. Rumours of financial trouble have caused a run on the banks in some overseas jurisdictions. The main spillovers have occurred in financial markets, reflecting the relative integration of such markets in the global financial system. In India, since January 2008 there has been decline in shares prices across sectors.
ICICI Bank had vide letter dated September 17, 2008 made a complaint to SEBI alleging that “a malicious rumour is being spread to the effect that some of the top management have been selling ICICI Bank shares for the last few days”. The price of the shares of ICICI witnessed a fall of 12.5% from Rs. 640 on 15/09/08 to Rs. 560.30 on 17/09/08.
ICICI Bank, on September 16, 2008 disclosed to the public through a press release about ICICI Bank UK PLC exposure to Lehman Brothers i.e. “ICICI Bank UK PLC is holding investment of Euro 57 million ($80 million) in senior bonds of Lehman Brothers Inc. ICICI Bank UK PLC already holds a provision of about US$ 12 million against investment in these bonds. Considering a 50% recovery estimate, the additional provision required would be about US$ 28 million”. On September 17, 2008, ICICI Bank Ltd informed the exchanges that "A malicious rumor is being spread to the effect that some of the top management has been selling ICICI Bank shares for the last few days. These rumors are baseless and irresponsible, and no shares have been sold by members of the top management of the Bank during the current year. ICICI Bank is taking up this matter with regulatory authorities for necessary action against those responsible for the rumors".
The shareholding pattern of ICICI Bank for the quarter ended on June 30, 2008, shows that around 68% of the shares were held by FIIs/Foreign entities (ADR). Similarly figures for the next quarter that ended on September 30, 2008, show that around 65% of the shares of ICICI Bank were held by FIIs/ Foreign entities (ADR) Rest of the shares by Indian Public including institutions. FIIs have reduced their holding in ICICI Bank between the quarter that ended on June 30 and Sep 30, 2008 by around 3%. The underlying shares against ADR held by Global Custodian also show a fall of around 20.5 million shares during the period representing Jan 1, 2008 to Sep 30, 2008 indicating an increase in the shares available in the Indian Market.
It is seen that the prices of ICICI Bank fell by 49.52% from Rs.720.45 on September 8, 2008 to Rs. 363.65 on October 10, 2008. During the same period, prices of ADRs of ICICI Bank saw a fall of 53.25% from Rs.717.77 on September 8, 2008 to Rs.335.55 on October 10, 2008. The prices of ADR has fallen more than the shares of ICICI Bank in Indian market. During this period NIFTY and SENSEX witnessed a fall of 26.82% and 27.3% respectively.
Trading pattern of the shares of ICICI bank was analyzed for the period September 8, 2008 to October 10, 2008:
The client category-wise breakup of turnover in the shares of ICICI Bank in the cash market shows that FIIs accounted for 23.57% and 18.61% of the value of shares sold and bought respectively whereas rest of the investors accounted for 76.5% and 81.4% of the value of shares sold and bought respectively.
Top 20 investors in ICICI Bank both on net buy and sell basis in the cash market shows that majority of them were FIIs (Net Buy: FIIs-14, MF-4, DII-1, Others-1) (Net Sell – FIIs -17, MF – 2, Others-1)
There was no pattern observed regarding placement of successive orders at lower price by sellers to hammer down the price.
There was no pattern observed of booking intraday profits by major clients or brokers during this period.
By and large, the trading patterns are consistent with the shareholding pattern of ICICI with predominant holdings by FIIs, the general buying and selling behaviour by FIIs and the broad movements of the market during this period. While SEBI continues its surveillance of the stock exchange trading in various securities, SEBI did not find evidence of manipulative trading in the ICICI Bank shares during the period referred to above.
Indian property bubble
Posted by : BhattTracked by: 0 Boarder
Indian property bubble
From Wikipedia, the free encyclopedia
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This article does not cite any references or sources.
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This article is written like a personal reflection or essay and may require cleanup.
Please help improve it by rewriting it in an encyclopedic style. (September 2008)
The origins of Indian Property Market Bubble can be traced to the interest rate reductions made by the NDA coalition government in the years following 2001. Home Loan Rates fell to a (then) historical lows of 7.5% in early 2004. This prepared the basis for the massive increase in real estate property prices across India. Low interest rates triggered huge interest in individuals to borrow to own their own homes and this triggered an increase in demand for real estate across India.
The Indian Property Market has been growing fast since March 2005, when the current UPA government decided to open FDI in Real Estate. The market has been growing at a dizzying rate of 100%+,and further[citation needed]
Real estate in Indian metropolises such as Mumbai, Delhi and Chennai has sky rocketed to levels comparable with international cities like London.
One remarkable point is the real-estate boom in Chennai and its suburbs, leading to high prices in decent housing and then finally prices dropped. For example, an apartment of 1500 square foot in a Chennai suburb will cost around USD 200,000, whereas in Europe similar size costs about USD 450,000. In a class A suburb of New York you can buy a large house for around same amount (450K). Per capita ratio is around 50:1 ($50,000 to $1100); this suggests the presence of a bubble.
However, speculations aside housing prices depend a lot on various factors such as the age of the property, facilities, surrounding area etc. Hence, the property bubble will burst for the places bought over priced with no stronghold value to it.
Some have suggested that given India`s population density is closer to that of Europe than that of America the real value of Indian Real Estate should be close to European levels rather than American levels. When looked at in that way Indian real estate is still cheap. This argument assumes the rapid economic growth in India will have brought per capita income in India to European levels within the next 5 years in urban areas.
Contra argument to this is US prices should ideally move with economy/inflation rate of 2-3% while Indian prices will gallop at the rate of 10% a year and probably more as the land distribution market is inefficient.
By its very definition a bubble is a short term phenomenon while Indian real estate market has continued on a secular upward trend, apart from periodic adjustments, in the last 10 years. Bear in mind that there are almost 400 million Indians waiting to hit the middle class group and they will exert additional pressure on the system. Affordability is the most important factor when it comes to housing prices and middle class housing is much levels of affordability in most of the major cities in India. People who compare India with developed European cities, forget the huge difference in affordability in both areas. Of course there is a huge demand for housing but they can only buy what they can afford.
One of the big problem of real-estate market is that supply lags behind demand by about 5 years (Plan-Approve-Finance-Construct time).
Lack of efficient signals to market participants means that there will be periods of mismatch between suppliers and buyers hence leading to cycles of booms and busts.
As of May 1st 2008, the Indian housing market has already started declining. Prices have started to drop to some extent in few major cities.
...
ICIC BANK again perform better than market expectation
Posted by : mukutTracked by: 0 Boarder
If interest rate remains high then economy growth will stagnant. RBI will not put break on economy growth keeping interest rates high. Real estate is small portion of lending system. I am again saying inflation, fuel price, interest rate, crude peaked out they are in downward trend now....
In reply to:
ICIC BANK again perform better than market expectation
Posted by : kadiyali
Dear mukut, slump in demand due to global recession is the main reason for the recent fall in inflation rate & low crude oil prices.
What has caused slump in demand? People have less money to spend! Money will become scarcer & scarcer going forward. Will the scarce money lead to lower interest? No way! Interest rates will remain north bound for the days to come. There will be competition among banks to grab maximum share of the deposits from public, and interest rate for bank FD can go upto 13% in a year`s time. Governmental pressure will be there against steep increase in lending rate. Hence banks are going to face a period of lower interest spreads.
Considering the above, it is too much for me to digest your projection of ICICI Bank share to reach 1100-1300 in 4 months time.
I am still waiting to see what low it will hit below 300 in the days to come. Anyway, thanks for your view point.
ICIC BANK again perform better than market expectation
Posted by : kadiyaliTracked by: 0 Boarder
aavinay, ICICI seeing 400 mark on Monday/Tuesday is possible, making a way upto 450 is doubtful, afterwards reacting down towards 320 again in near term is definite, 310/320 will not be a solid floor, it will slip below 300 again in near term. Thanks....
In reply to:
ICIC BANK again perform better than market expectation
Posted by : aavinay
Hi,
Do you think that ICICI can see 400 mark on Monday/Tuesday & make a way up to 450....or u think that it will start coming down towards 320 again in near term...Dont u think that 310/320 has become solid support for ICICI?
ICIC BANK again perform better than market expectation
Posted by : chief_kamaniTracked by: 0 Boarder
aavinay-I feel you have to be extremely carefull!!The moot point to be noted is Citigroup after falling so much, fell 25% in one day, it is really impossible to put any number or any kind of a prediction in this kind of a volatile environment.Please tread carefully!! ...
In reply to:
ICIC BANK again perform better than market expectation
Posted by : aavinay
Hi,
Do you think that ICICI can see 400 mark on Monday/Tuesday & make a way up to 450....or u think that it will start coming down towards 320 again in near term...Dont u think that 310/320 has become solid support for ICICI?
ICIC BANK again perform better than market expectation
Posted by : aavinayTracked by: 0 Boarder
Hi,
Do you think that ICICI can see 400 mark on Monday/Tuesday & make a way up to 450....or u think that it will start coming down towards 320 again in near term...Dont u think that 310/320 has become solid support for ICICI?...
In reply to:
ICIC BANK again perform better than market expectation
Posted by : kadiyali
Dear mukut, slump in demand due to global recession is the main reason for the recent fall in inflation rate & low crude oil prices.
What has caused slump in demand? People have less money to spend! Money will become scarcer & scarcer going forward. Will the scarce money lead to lower interest? No way! Interest rates will remain north bound for the days to come. There will be competition among banks to grab maximum share of the deposits from public, and interest rate for bank FD can go upto 13% in a year`s time. Governmental pressure will be there against steep increase in lending rate. Hence banks are going to face a period of lower interest spreads.
Considering the above, it is too much for me to digest your projection of ICICI Bank share to reach 1100-1300 in 4 months time.
I am still waiting to see what low it will hit below 300 in the days to come. Anyway, thanks for your view point.
ICIC BANK again perform better than market expectation
Posted by : kadiyaliTracked by: 0 Boarder
Dear mukut, slump in demand due to global recession is the main reason for the recent fall in inflation rate & low crude oil prices.
What has caused slump in demand? People have less money to spend! Money will become scarcer & scarcer going forward. Will the scarce money lead to lower interest? No way! Interest rates will remain north bound for the days to come. There will be competition among banks to grab maximum share of the deposits from public, and interest rate for bank FD can go upto 13% in a year`s time. Governmental pressure will be there against steep increase in lending rate. Hence banks are going to face a period of lower interest spreads.
Considering the above, it is too much for me to digest your projection of ICICI Bank share to reach 1100-1300 in 4 months time.
I am still waiting to see what low it will hit below 300 in the days to come. Anyway, thanks for your view point....
In reply to:
ICIC BANK again perform better than market expectation
Posted by : mukut
Kediyal this figure is correlated with low 1.) inflaton, 2.) low crude price, 3.) low interest rate, 4.) low fuel prices. All of them peaked out from all time high now. Crisis for automobile sector in USA will put pressure on crude demand. I read global OIL demand reports which says as going further USA automobile sector will remain under heavy pressure which result in low crude demand. Every month huge crude inventories will be piled up due slow down in oil demand in USA market. This will put pressure on crude. People saying that crude will settle down at $50. Everybody was saying earlier that sensex will not dip below 10,000 when sensex was at 13000-14000. But sensex breached 10,000 and came below 8000.
Similarly people expecting crude to around 50 but commodity market is more vulnerable than equitis as people from all over the world have interest in crude. Research reports says crude might touch $25 once stop loss triggers from all over the world. It might settle down around $30-35 range.
If crude touches in this range then inflation will be around 3.5-4% in india which will force RBI to cut rate/crr and we might see 7-8% interest rate.
As going forward as inflation cools off whatever is the reason it will be good for ICICI BANk as it will have low cost deposit as compare to other banks. Low cost deposit will result in boost up financial.
Young Investment Guru`s
Posted by : GuestTracked by: 0 Boarder
If you are a young investor and able to survive the last one year without losing your sanity , then rest assured because you are now an investment guru.
The wisdom gained in last one year is going to last lifelong and will definitely turn you into a multi-millionaire by the time you decide to hang up your boots ....
ICIC BANK again perform better than market expectation
Posted by : mukutTracked by: 0 Boarder
Kediyal this figure is correlated with low 1.) inflaton, 2.) low crude price, 3.) low interest rate, 4.) low fuel prices. All of them peaked out from all time high now. Crisis for automobile sector in USA will put pressure on crude demand. I read global OIL demand reports which says as going further USA automobile sector will remain under heavy pressure which result in low crude demand. Every month huge crude inventories will be piled up due slow down in oil demand in USA market. This will put pressure on crude. People saying that crude will settle down at $50. Everybody was saying earlier that sensex will not dip below 10,000 when sensex was at 13000-14000. But sensex breached 10,000 and came below 8000.
Similarly people expecting crude to around 50 but commodity market is more vulnerable than equitis as people from all over the world have interest in crude. Research reports says crude might touch $25 once stop loss triggers from all over the world. It might settle down around $30-35 range.
If crude touches in this range then inflation will be around 3.5-4% in india which will force RBI to cut rate/crr and we might see 7-8% interest rate.
As going forward as inflation cools off whatever is the reason it will be good for ICICI BANk as it will have low cost deposit as compare to other banks. Low cost deposit will result in boost up financial.
...
In reply to:
ICIC BANK again perform better than market expectation
Posted by : kadiyali
mukut, I am also very bullish on ICICI Bank for its long term credentials, but expecting 1100-1300 within 4 months is too much. Presently it is time for us to see what bottom it can hit in the near/short term.
ICIC BANK again perform better than market expectation
Posted by : hembhatTracked by: 0 Boarder
Emkay, Motilal & lot many brokerage houses who were trapped in realty shares gave deliberate calls to buy. You are absolutely right. Aban was repeatedly recommeded at levels of 4500, 3500, 2500, 1500 and also 1000. All these brokers have come out of it and you will see today when Nifty surged in the last hour Aban remained docile. So more downward risk is possible, as there are no takers for offshore drillers when Crude has come down to $ 50.
However pl note tha ICICI & other pvt banks have lent aggressively to realtors in the last two years. So there bottomline is going to take a hit in the next two quarters, as they are shying away from lending even to good borrowers. I can tell this to you as I am in the financial market and deal woth lot of lenders. Almost all of them have stopped lending. One NBFC has also taken an upfront fee and refuses to lend as per sanction.
Banking & finance companies will remain under pressure in coming months. Sensex has to undergo fifth leg of downturn and then show double shoulder pattern to show sign of reversal....
In reply to:
ICIC BANK again perform better than market expectation
Posted by : mukut
ICICI BANK has less deposit as compare to SBI and other psu banks due recent rumours. If RBI reduces interest rate/CRR which likely to be soon any time as inflation comes down. Those fixed deposit could be big problem to PSU banks as they have high cost of deposit and ICICI BANK will have low cost deposit going forward. ICICI BANK likely to turn outperformer during low inlfation and if no bad news comes it will cross 1100-1300 till march.
Stock market is full of rumours and brokers always try to misguide retail investors. Last week EMKAY and Motilal given buy rating to DLF for the target 480. I communicated to lots of retail investors and asked them to ignore EMKAY and MOTILAL`s buy rating because they had exposire in DLF and they wanted to come out on rallies. They were fooling for the personal gain innocent people.
Suno dil ki baat...
ICIC BANK again perform better than market expectation
Posted by : kadiyaliTracked by: 0 Boarder
mukut, I am also very bullish on ICICI Bank for its long term credentials, but expecting 1100-1300 within 4 months is too much. Presently it is time for us to see what bottom it can hit in the near/short term....
In reply to:
ICIC BANK again perform better than market expectation
Posted by : mukut
ICICI BANK has less deposit as compare to SBI and other psu banks due recent rumours. If RBI reduces interest rate/CRR which likely to be soon any time as inflation comes down. Those fixed deposit could be big problem to PSU banks as they have high cost of deposit and ICICI BANK will have low cost deposit going forward. ICICI BANK likely to turn outperformer during low inlfation and if no bad news comes it will cross 1100-1300 till march.
Stock market is full of rumours and brokers always try to misguide retail investors. Last week EMKAY and Motilal given buy rating to DLF for the target 480. I communicated to lots of retail investors and asked them to ignore EMKAY and MOTILAL`s buy rating because they had exposire in DLF and they wanted to come out on rallies. They were fooling for the personal gain innocent people.
Suno dil ki baat...
ICIC BANK again perform better than market expectation
Posted by : mukutTracked by: 0 Boarder
ICICI BANK has less deposit as compare to SBI and other psu banks due recent rumours. If RBI reduces interest rate/CRR which likely to be soon any time as inflation comes down. Those fixed deposit could be big problem to PSU banks as they have high cost of deposit and ICICI BANK will have low cost deposit going forward. ICICI BANK likely to turn outperformer during low inlfation and if no bad news comes it will cross 1100-1300 till march.
Stock market is full of rumours and brokers always try to misguide retail investors. Last week EMKAY and Motilal given buy rating to DLF for the target 480. I communicated to lots of retail investors and asked them to ignore EMKAY and MOTILAL`s buy rating because they had exposire in DLF and they wanted to come out on rallies. They were fooling for the personal gain innocent people.
Suno dil ki baat...
...
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