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ICICI Bank Ltd. Message Board

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  • stockplaza555 stockplaza555 Jan 24, 2009 2:07 PM Flag

    WOW a bank making profits is unheard of in these times...Going to $20 soon

    A bank that has grown profits year over year - http://www.bloomberg.com/apps/news?pid=20601091&sid=adwoZXIJXl3Q&refer=india

    Expectations were for a 30% decline and they massively beat expectations with a GAIN!.

    “The results are better than expected and will ensure that investor confidence isn’t shattered,” said R.K. Gupta, who manages 2.5 billion rupees at Taurus Mutual Fund in New Delhi including ICICI shares. “The worst seems to be over for the bank.”


    The results should be a DREAM for any US/UK bank - yet ICICI is valued on par with US/UK banks.

    Load up below $20. IBN should head to 40s in couple of months.

 
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