Accumulate ICICI Bank around Rs 906-908, says Manoj Murlidharan of IIFL.
Murlidharan told CNBC-TV18, "In ICICI Bank I feel this is not really the time, we should wait for come more dip because yesterday there was some cash based selling, which is happening and the content of the delivery which was sold yesterday actually exceeds the three day average. It would lose the momentum. At least for some short term, we would feel that somewhere close to Rs 906 to Rs 908 if you are getting on the stock that is where you would actually start accumulating it."
The company's trailing 12-month (TTM) EPS was at Rs 44.73 per share. (Dec, 2011). The stock's price-to-earnings (P/E) ratio was 20.62. The latest book value of the company is Rs 477.94 per share. At current value, the price-to-book value of the company was 1.93. The dividend yield of the company was 1.52%.
