Stock market analysts are of the view that investors can sell ICICI Bank Ltd stock with a target price between Rs 820-810.

According to them, investors can sell the stock around Rs 828-830 with a strict stop loss of Rs 841.

If the stock fell below Rs 806, it may see more weakness.

Today (Feb 05), the stock opened at Rs 800 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 983.70 and a low of Rs 265 on BSE.

Current EPS & P/E ratio of the stock stood at 33.78 & 23.77 respectively.

After selling the stock, the interested investors can enter the stock again at a low price, for medium or long term prospective.

India's biggest private sector banking institution ICICI Bank, on Feb 04, stated that it is cutting back its range of unsecured retail loans comprising small-ticket loans, personal loans as well as credit cards.

Mrs. Chanda Kochhar, MD and CEO of ICICI Bank said, "As far as credit growth is related, for the last 3 quarters, we were continuously permitting our unsecured retail portfolio to descend. We are developing our corporate finance book both on project finance and trade finance. We are developing at 20% in the auto and housing segments. It's the other products including personal loans, small-ticket loans and credit cards, which are falling."

She also said that there has been a uplift in credit during recent times.

In the recent past, the country's banking system saw a very low credit growth. As the financial system makes recovery and investment activities returning to normality, credit offtake is also like to see steady growth.

Mrs. Kochhar added that there would not be any direct impact on interest rates if CRR is increased by the central bank.