ICICI Bank Ltd. Message Board
-
why the continued drop?
any reasonable assessment of this stock ? major support level ?
-
The Indian Rupee is tanking as Foreign Investors flee. The Reserve Bank is expected to ramp up interest rates to stimulate foreign investment but this has not happened as yet.
- 1 Reply to bs572
-
Another 5% drop....much more than hdb
Someone mentioned Kingfisher exposure. Also, i know indian market dropped 2% last night.
Long term differences between hdb and icici....i do know hdb is a little bit more conservative. Is that the reason.
-
it is called bear market!
it was also going up continuously in 2010.
Did you question that? -
IBN (ICICI) has exposure in Kingfisher Airline, 2nd in India Airline carrier, IBN has 10% stake, which has liquidation problems, 50% flight grounded this week....However this problem will fix, over all IBN has long term growth....I am buying it.
- 1 Reply to sanjeev_tom
-
thanks for responses
-
Apparently, ICICI has some investment in Kingfisher Airlines in India (About $80 mn). That airline is at the verge of bankruptcy and ICICI is about to loose its investment. I wonder if thats the reason. I know its dropping in India for the same reason.
-