Buy ICICI Bank, says Ashish Chaturmohta

Ashish Chaturmohta of IIFL Wealth feels that one should buy ICICI Bank.

Chaturmohta told CNBC-Awaaz, "Investors should buy ICICI Bank with a stoploss of Rs 740-745. The stock is looking good on chart. It has strong downside support at Rs 740-745. It may go upto Rs 800-810 in future."
The company's trailing 12-month (TTM) EPS was at Rs 49.68 per share. (Sep 2011). The stock's price-to-earnings (P/E) ratio was 15.54. The latest book value of the company is Rs 478.08 per share. At current value, the price-to-book value of the company was 1.61. The dividend yield of the company was 1.81%.