ICICI Bank looks good for long term: Mehrab Irani

ICICI Bank is looking good for long term, says Mehrab Irani, Tata Investment Corporation.

Irani told CNBC-TV18, "ICICI Bank has seen a reasonable correction and certain bottom formation techniques have been formed over the last 2-3 weeks. It may be a slow mover but I think for long-term investor that stock makes reasonable sense." The company's trailing 12-month (TTM) EPS was at Rs 40.86 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 25.05. The latest book value of the company is Rs 448.62 per share. At current value, the price-to-book value of the company was 2.28. The dividend yield of the company was 1.17%.