Buy ICICI Bank on every dip: Rajesh Agarwal

Rajesh Agarwal of Aum Capital told CNBC-TV18, "ICICI Bank has fallen a lot from its tops and all the negatives have been discounted. One, because once economy starts moving up, the interest rates start softening, it will be time for banking stocks to be in the limelight. Second, with the kind of news that we are having ICICI Pru coming out with an initial public offer (IPO), there might be some amount of upmove in the very short-term. But for longer term, it is a good buy on every dip."At 15:10 hrs ICICI Bank was quoting at Rs 240.25, up Rs 3.75, or 1.59 percent on the BSE.