dear friends, i am holding stock of this bank since last 1 yr @1035/-, what is the future of this stock, shall i hold it or shall i book losses. it is rumoured that there will be a bonus issue of this share on 29.10.09, can anyone enlighten me on this, please advice
Hello, it seems that icici bank has shown a bearish mode in today`s trade. Also in Rbi credit policy, they have said that NPA order will increase so it will hit the profit after tax (PAT) by 12%. This news broke the stock and is in bearish mode. You can book losses or you can stay invested, as market can change anytime.
All the best for the trade.
Can you tell the number of weeks in which this will happen. You will have multibagger then. otherwise reaching icici bank level in 15 years does not require even little knowledge.
THE BONUS IS NOT LIKELY. ONE WILL BE BETTER OFF INVESTING IN GOOD PSBANKS WHO HAVE PRODUCED VEY GOOD RESULTS BUT ARE QUOTING AT PE RATIO OF 4-5 , THE BANKS ARE ALLHABAD, CANARA AND UCO. ICICI IS QUOTING AT 30 TIMES ITS EPS AND OTHER PRIVATE BANKS LIKE KOTAK, HDFC AND AXIS AREQUOTING AT 20 -30 TIMES, THE PERFORMANCE OF PUBLIC SECTOR BANKS HAS BEEN MUCH BETTER THAN PRIVATE BUT THESE ARE VALUED AT VERY LOW PE.
Mate, I don`t think you should book the loss. The share will touch Rs. 1000 by December if not early. You bought the shares at the wrong time. If you are a long term investor and don`t need money, keep it. I would keep shares of this company any day.
thanks mate, ur reply seems to be a genuine one and im very happy with what u have advised me, i will very much keep the shares. i will be thankful if u can guide me regarding shares of paramount communications what is its future, as i have invested about 40000 in this company, present value is about 35% of the cost price, hope u help in this as well
| NIFTY 
