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ICICI Bank may head lower: Jai Bala

Jai Bala of cashthechaos.com is of the view that one may see downside in ICICI Bank.

February 09, 2015 / 16:54 IST
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Jai Bala of cashthechaos.com told CNBC-TV18, "ICICI Bank is moving along in tandem with the Bank Nifty. It has got further corrective downsides to come through. Another 5-8 percent downside, it will start trickling into the key support zones and looking at key reversals from those levels for us to position ourselves on the long side."

The company's trailing 12-month (TTM) EPS was at Rs 18.82 per share. (Dec, 2014). The stock's price-to-earnings (P/E) ratio was 17.02. The latest book value of the company is Rs 126.35 per share. At current value, the price-to-book value of the company was 2.54. The dividend yield of the company was 1.44 percent.

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first published: Feb 9, 2015 04:39 pm

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