Stock market analysts have suggested investors to ‘sell’ ICICI Bank stock with a target of Rs 415.
According to them, interested investors can sell the stock between Rs 425-430 with a strict stop loss of Rs 438.
Today (Jan 14), the stock opened at Rs 440, against its last closure at Rs 426.25 on the Bombay Stock Exchange (BSE) on Tuesday (Jan 13). Current EPS & P/E ratio stood at 37.03 and 12.10 respectively. The share price has seen a 52-week high of Rs 1465 and a low of Rs 282.15 on BSE.
The near-term outlook is bearish for ICICI Bank so analysts have recommended ‘sell’ on this stock.