Buy ICICI Bank for short term: Dharmesh Kant

Dharmesh Kant of Indianivesh Securities is of the view that one should buy ICICI Bank for short term.

Kant told CNBC-Awaaz, "Investors should buy ICICI Bank with a short term perspective. The stoploss for this buying would be Rs 865. The stock can touch Rs 940 in next 3-4 days time."

The company's trailing 12-month (TTM) EPS was at Rs 47.36 per share. (Jun 2011). The stock's price-to-earnings (P/E) ratio was 18.86. 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 1.87. The dividend yield of the company was 1.57%.