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Buy ICICI Bank: V Kapoor
Vibhav Kapoor of IL&FS Investmart is of the view that one can buy ICICI Bank. It has really underperformed in the rest of the market even in the rally that we have seen in the last two days. It’s a trading stock at the moment, somewhere at around Rs 800 and Rs 950 or Rs 1,000.
Kapoor told CNBC-TV18, "ICICI Bank has been a disappointment. It has really underperformed in the rest of the market even in the rally that we have seen in the last two days, so it could be a good technical buy at these levels. But the market is not liking what has happened and there could be a danger of further sort of write-downs or further problems happening. So at best, it's a trading stock at the moment, somewhere maybe around Rs 800 and Rs 950 or Rs 1,000."
He further added, " Larsen and Toubro , L&T again the trend is broken, and we have had a big 5 year rally when the stock went up 70 or 80 times. The fundamentals are good, but they are almost fully priced in, so you again see a range bound movement."
