Karvy Stock Broking Limited has maintained 'Buy' rating on ICICI Bank stock to achieve a target of Rs 950-965 in 1-2 trading sessions.

According to Karvy, interested traders can buy the stock above Rs 925 with a strict stop loss of Rs 910.

The shares of the bank on Wednesday, (Nov 11), closed at Rs 924.65 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 983.70 and a low of Rs 252.75 on BSE.

Current EPS and P/E of the stock stood at 35.33 & 25.72 respectively.

On Nov 11, ICICI Bank signed a deal with Singapore Mercantile Exchange (SMX) for offering up clearing as well as settlement processing services to dealers.

The association will also see ICICI Bank offer a platform to the market applicants in the Indian market and overseas to trade on an international commodity exchange.

ICICI Bank, on Nov 10, announced that it has decided to sell its 25% equity stake in back-office firm Firstsource Solutions.

ICICI Bank had also tried to sell its equity stake even earlier, but it didn't find apt buyers at the value it was demanding.

During the three month period ended Sep 30, the bank has recorded an increase of 75.69% in its consolidated profit, which stood at Rs 11,445.70 million as against Rs 6,514.80 million in the corresponding period of the last year.  

The bank's consolidated total income declined 6.38% to Rs 145,958.50 million.

On standalone basis, ICICI bank posted a marginal growth in net profit for the three month period ended Sep 30.

The bank's profit surged 2.56% to Rs 10,401.30 million while total income dropped 12.68% to Rs 84,807.30 million.

It reported an EPS of Rs 9.34 per share during the quarter.