Dipan Mehta, Member, BSE/NSE is of the view that one can remain invested in ICICI Bank .
Mehta told CNBC-TV18, "It's best for investors to go long in ICICI Bank and if one had applied for the IPO and / in the partly paid up that's perhaps a good move because this is one of the stock you could keep as part of your core holding among the top five holdings given the fact that there is considerable value still unlocking left; the fact that the entire business momentum is positive and with the kind of capital infusion coming in it does appear for the next two-three years."
He further added, "It could grow at about 25-30% on not even net income basis but also on the kind of fee based income, which they do derive. And valuations; certainly cheaper than some of its peer group like HDFC or for that matter some of the newer listings like Yes Bank or a Centurion Bank. So I think it's a good stock for a retail investor to remain invested, it's a kind of a derisking strategy as well."
