Stock Martket BSE » ICICI bank

Free Day Trading Tips – 22 March 2011

admin — Tue, 22 Mar 2011 02:55:58 +0000

Buy ICICI Bank at CMP 1006, Stop Loss: 997, Target: 1030

Karnataka Bank at Rs 99.25. STBT: Indus Ind Bank Future at Rs 245.20

Buy Tata Sponge at Rs 356, closing stop loss Rs 320, target Rs 375

Buy DLF above Rs 223, target Rs 228, stop loss Rs 220

ICICI Bank – Buy

admin — Fri, 25 Feb 2011 15:40:43 +0000

ICICI Bank reported PAT of Rs1437 crore up 31% y-o-y and 16% q-o-q above our expectation and market consensus; driven by core earnings and lower provisioning expenses. Net interest income up 12.3% y-o-y and 4.9% q-o-q driven by 15% y-o-y loan growth and sequential flat NIM. Fee income saw strong traction during the quarter, grew 14% yoy and 2% qoq driven by largely wholesale business. Asset quality improved significantly during the quarter. Provisioning expenses declined 28% q-o-q during the quarter. Provision coverage ratio stood at 72% (without technical write off). CASA has shown a healthy growth of 23 % y-o-y. CASA ratio remained at 44% during the quarter. Consolidated earnings up 77% y-o-y and 46% q-o-q to `2039 crore driven by core performance of banking and non-banking businesses. Maintains BUY.

Strong operating income: Net interest income up 12.3% y-o-y and 4.9% q-o-q driven by strong sequential loan growth at 6% and flat margin at 2.6%. Growth in loan is almost in line with sequential industry growth which is 6% q-o-q during the quarter. Fee Income has shown a healthy growth of 14.3% y-o-y and 2.2% q-o-q to Rs 1,625 cr on the back of strong growth in corporate loan book, corporate advisory and higher volume in transactional fee products. Fee income contributed 93% of total non-interest income which grew 4.5% y-o-y and 10.8% q-o-q. Treasury Gains reported at `21 cr against trading loss of Rs 144 crore in Q2FY11.

ICICI BANK

asif — Mon, 10 Jan 2011 19:19:39 +0000

ICICIBank’s rejigged business sfrateçy has done wonders to its operating me fries and now the bank is raring to go

The bank’s can tious growth posture involved running down its unsecured retailporçfolio, even f it meant a shrinking
loan-book

The bank’s cautious growth posture involved running down its unsecured retail portfolio, even if it meant a shrinking loan-book. In the coming years, I expect growth will be spearheaded by corporate loans, where the bank now offers a complete product suite. From FY1O-iS, I expect a robust 40 per cent compounded annual growth rate (CAGR) in the domestic corporate loan book. ICICI is now striving to grow its mortgage, car and commercial vehicle loan portfolios even as personal loans, credit cards and two-wheeler loans have ceased to be the focus in its retail book. Also, home loan rates have been aligned to the market — which is a clear departure from ICICI’s aggressive price posture earlier. I expect retail loans will register 20 per cent CAGR over FY1O-15.

So, with all the operating metrics falling in line, I foresee strong earnings expansion ahead for the bank. I expect it to consistently deliver 25 per cent-plus increase in net profit over FY1O-15, and a marked expansion in return ratios of its core business. Return on equity (RoE) on its banking business, by which I also mean its international banking subsidiaries and the housing finance arm, is likely to rise from 10.5 per cent in FY10 to 15 per cent by FY12 and then 17 per cent by FY15. Core banking return on assets (RoA) is expected to inch up to 1.5 per cent by FY15, which compares favourably with ICICI’s best-in-class peers such as HDFC Bank. Also, I expect tier 1 capital to be in excess of 10 per cent in FY15, which should be enough to sustain growth in the near term.

Free Intraday Stock Tips – 12 March 2010

admin — Fri, 12 Mar 2010 02:53:51 +0000

Buy ICICI Bank around Rs 918.70-927.30, stop loss Rs 915, book profit at Rs 939.70-960.70

Sell MphasiS around Rs 662-654, stop loss Rs 665, cover short at Rs 643-624

BUY Fortis Healthcare Stop Loss 171 Target 198

BUY Reliance Industries Stop Loss 996 Target 1064

Intraday Calls – 12 May 2009 – NSE stock trading India

admin — Tue, 12 May 2009 03:33:38 +0000

BUY Unitech Stop Loss 45 Target 56

SHORT SELL ICICI Bank Stop Loss 536 Target 490

BUY HDIL Stop Loss 156 Target 185

SHORT SELLSAIL Stop Loss 125 Target 106

SUZLON Buy Above 75.80 Target 78.75/81 Stop loss 72

Sreintfin Buy Above 46.10 target 47.40/ 49.15 stop loss 43.40

Intraday Calls – 11 May 2009- NSE stock trading India

admin — Mon, 11 May 2009 03:00:20 +0000

BUY Reliance Capital Stop Loss 559 Target 621 BUY ICICI Bank Stop Loss 501 Target 562 BUY HDIL Stop Loss 162 Target 195 BUY Jaiprakash Associates Stop Loss 134 Target 156 Related posts:Intraday Calls – 12 May 2009 – NSE stock trading India Intraday Calls – Monday, May 18, 2009 – NSE stock trading India [...] Related posts:

Nifty Strategy – 1April 09

admin — Wed, 01 Apr 2009 04:08:18 +0000

Nifty has strong resistance at 3,150. May see base building at 2,900-2,920. Nifty may slip to 2,850. ICICI Bank critically poised, may slip to Rs 290 below Rs 318-320. Related posts:Nifty – Market closing strategy Market strategy: Sudarshan Sukhani of Technical Trends Nifty Outlook & Trading Ideas for Next 15 sessions Related posts:

Reduce ICICI Bank: IIFL

admin — Fri, 27 Mar 2009 15:25:28 +0000

IIFL has recommended a reduce rating on ICICI Bank in its March 27, 2009 research report.

“ICICI Bank is a financial conglomerate with multiple lines of businesses, domestic and overseas. In this note we analyse the capital allocated to, and profitability of, its various businesses. We estimate that one-third of the total equity capital (USD 9.6 billion) is invested in overseas banking subsidiaries, domestic non-banking subsidiaries and lending through overseas branches; the balance two-thirds is invested in domestic banking operations.”

“ICICI Bank’s domestic operations are less profitable than those of its peers, and its non-banking and overseas subsidiaries further drag down the consolidated ROE. The bank remains in a transition phase— we expect it to revisit its strategy in many business lines and undergo a major restructuring of its assets and liabilities. As such, a quick recovery from the current situation is unlikely, in our view. After cutting our FY09 and FY10 net profit estimates, we now expect it to decline in both FY09 and FY10. “REDUCE”, says IIFL’s research report

Free Intraday Stock Tips – 25 March 09

admin — Wed, 25 Mar 2009 04:01:42 +0000

SELL Educomp Solutions Stop Loss 2115 Target 1810 SELL Reliance Communications Stop Loss 169 Target 134 SELL ICICI Bank Stop Loss 367 Target 328 SELL DLF Stop Loss 178 Target 140 Related posts:Free Day Trading Stock Tips – 25 March 09 – BSE India Free Intraday Stock Tips – 23 March 09 Free Intraday Stock [...] Related posts:

RBI Cuts Interest Rates By 50 bps

admin — Thu, 05 Mar 2009 03:11:32 +0000

The RBI Action:

The Reserve Bank of India (RBI) said on 4th March 2009 that it was lowering the repo rate, at which it lends to banks, to 5% from 5.5%, effective immediately. It also cut the reverse repo rate, at which absorbs excess cash from the banking system to 3.5% from 4%. This is also with immediate effect.

The Impact on Stock Markets:

In my blog post yesterday I mentioned that the rate cut was coming soon. So this decision was not a surprise for most analyst and economist and might not be a big booster for the stock markets as well.But the Indian Stocks are oversold in the near term and this means that the probability of getting some short term rally is high now boosted somewhat by this news. So if global markets also remain robust for few days one can expect some good moves for our markets which would be good short term trading opportunity in my opinion.

I would particularly look at stocks which have been beaten down the most in the recent carnage as good trading opportunities other then rate sensitive stocks and sectors. Some banking stocks can also make good moves and in my opinion ICICI bank can make some good moves from these levels. Infrastructure stocks can also rally in the short term and investors again can look at the most beaten down stocks to make some short term gains.

The Impact on the Indian Economy:

It will be difficult to judge to what extent the rate cut by RBI will help improve the economy in the near term. My opinion is that the rate cuts will not really help in getting the economy back on high growth track so soon.

It would largely depend on the willingness of banks to lend in this high risk enviornment and also the willingness to consumers to take loans in a scenario where many are not sure about their jobs. It is loans which lead the process of money creation in the economy and the current scenario is not favorable for credit growth to be robust.

So interest rate cuts would not help the economy much and thats why I believe that even if the stock markets rally for a few days it will again go down when people realise that robust economic growth is not going to come so soon.