Stock market analysts are of the view that investors can buy ICICI Bank stock to achieve an intraday target between Rs 890-900.

According to them, investors can buy the stock above Rs 872 with a strict stop loss of Rs 860.

Shares of the bank, on Thursday (Dec 10), closed at Rs 876.25 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 & P/E ratio of the stock stood at 35.33 & 24.90.

ICICI Bank, on Dec 09, has introduced a home-loan plan under which 8.25 percent rate of interest, which will be fixed during the first 24-months.

The floating rates will be applicable after the period of 24 months.

These rates will be applicable to loan payments approved between Dec '09 and Jan '10. The customers will have to guarantee that the initial payment takes place before March 2010 end.

From the 3rd-year onwards, the banking institution would charge the floating interest rate hinging upon the existing reference rate.

Moreover, ICICI Bank can shortly function as a local bank in Singapore after getting an in-principal nod from the city-state.

A bank official said that there are some formalities, which need to be fulfilled.

The preliminary authorization came some time back, which would permit the ICICI Bank to open 25 divisions in Singapore, he added.