ICICI Bank may test Rs 970: Aditya Agarwal

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ICICI Bank may test Rs 970: Aditya Agarwal

ICICI Bank may test Rs 970, says Aditya Agarwal, Sr Derivative Analyst, Way2Wealth.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Aditya Agarwal See what other Experts & Brokerages are saying about ICICI Bank See messages about ICICI Bank

ICICI Bank may test Rs 970, says Aditya Agarwal, Sr Derivative Analyst, Way2Wealth.

Agarwal told CNBC-TV18, "ICICI Bank is one stock in which we have seen some good build up. Stock has again given a breakout above Rs 900 and stock is sustaining above that. So we are expecting this stock may test Rs 970 levels.

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 20.76. 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 1.94. The dividend yield of the company was 1.51%.