Sell ICICI Bank on rally: Sukhani

Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS Nischal Maheshwari positive on baking space Buy ICICI Bank, says Shrikant Chouhan Banks would continue falling: Sukhani ALSO READ See previous views by Sudarshan Sukhani See what other Experts & Brokerages are saying about ICICI Bank See messages about ICICI Bank ICICI Bank BSE | NSE 21/02/12 Are Mutual Funds betting on ICICI Bank?

Sell ICICI Bank on rally, says Technical Analyst, Sudarshan Sukhani .

Sukhani told CNBC-TV18, "Banks are a sell, no matter what the Bank Nifty is doing just now. Banks are a sell on every rally now; HDFC , ICICI Bank. So you go and sell it."

At 11:11 hrs the share was quoting at Rs 941.15, down Rs 13.7, or 1.43% with volumes of 231,290 shares. Market capitalisation stands at Rs 104,856.53 crore.

The company touched its 52 week high Rs 983.70 and 52 week low Rs 345.90 on 07 Oct, 2009 and 31 Mar, 2009, respectively. Currently, it is trading -4.33% below its 52-week high and 172.09% above its 52-week low.

The company's trailing 12-month (TTM) EPS was at Rs 33.78 per share. The stock's price-to-earnings (P/E) ratio was 27.86. The latest book value of the company is Rs 444.60 per share. At current value, the price-to-book value of the company was 2.12. The dividend yield of the company was 1.17%.