Book profits in ICICI Bank, says Vijay Chopra

Vijay Chopra of enochventures.com told CNBC-TV18, "If you go by what the RBI has ordered I think that there is a cloud over all the banks and they have to declare their NPA’s in the right fashion. This brings ICICI Bank also under a bit of a suspicion because it has been having a round 4 percent NPAs which is pretty high as compared to the likes of HDFC and even YES Bank which is around 1-1.5 percent. I would say that it is a good time to book profit. There is a good probability that there is some kind of a correction although I like ICICI Bank with a longer term perspective, I would recommend another buy when it comes down."

"On rallies one could book out and then wait for lower levels to come in. But RBI circular banks are quite worried and all the financial institution they have to come out and disclose whatever NPAs they have. So, times are over when banks used to hide and brush the dust under the carpet, so it is good in the longer run, but this might affect the stock prices for some time. So I would recommend exit on rallies and buy into the same stock when it comes down."