ICICI Bank may test Rs 345: Gaurang Shah

Gaurang Shah of Geojit BNP Paribas told CNBC-TV18, "Private bank happens to be the ones where we have a buyers tilted towards. Over there we have whole host of names starting with HDFC, Axis Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank and IndusInd Bank. If I have to name one then my sense is that we have seen some kind of large part of the correction and bottoming out. Earnings season to come by should throw in positivity.""I would say that ICICI Bank would be the bank where in one can look at investing. I don’t think it will be very difficult to get at least 15-20 percent kind of return. Our targets stand at Rs 345 with a caveat that in case the earnings have to turnaround for better than we would definitely revise the target upwards," he added.