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Moneycontrol.com >> Message Board >> View Messages >> ICICI Bank
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Book profits or losses (3)   25-Jul-08 18:52Tracked by (1)  
Posted by:   marketbear on ( 25-Jul-08 18:52 )
Price : BSE: Rs 656.85 ( -9.62 % ), NSE: Rs. 656.75 ( -10.06 % )
People can book profits or losses at current level as coming days are not good for the bank. RBI tightening, puting restrictions on private banks, curtail in customer base, rising NPA, and derivatives losses can erode the wealth of ICICI Bank investors. Investors should not be surprised if stock falls to 400 levels because worst is not over yet for financial sector. Next week stock can fall towards level of 560
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