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ICICI Bank Ltd. Message Board

  • invstr_msg invstr_msg Nov 9, 2003 12:05 AM Flag

    below the radar ?

    After doing considerable research on Indian companies that are traded in US, I think this is one of the best stocks to hold for the next few years.

    They are the fastest growing private bank in india and excellent customer service which has made it he No. 2 bank in India in a very short time. With the growing investments in India from Muti national companies, the middle class population is set to grow for a while to come. The growth rates are excellent and forward PE is just 12 and institutions are starting to accumulate(see 1 year chart) now also listed in IBD as new accumulation in the stock by mutual funds once it pops above $15 it may show up in the IBD 100 list. Valuations and technicals are very attractive for a growth company and still under the radar of many investors.

    Good luck and do your own research before investing.

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