Sell ICICI Bank With Target Of Rs 825

According to analyst, the investors can sell the stock with stop loss of Rs 849.

Today, the stock opened at Rs 842 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 36.10 and 23.49 respectively.

The share price has seen a 52-week high of Rs 1009.50 and a low of Rs 621.90 on BSE.

ICICI Bank on July 05 announced that its private equity division will establish an infrastructure fund.

The bank also asked for steps to allow higher infrastructure financing by banking institutions.

During the last ten years, infrastructural lending by banking institutions has increased to $67 billion from $2 billion and, during the 12th Five Year Plan (2012-17), the debt needs could be around $500 billion.

On July 01, India's largest private sector lender declared that its base rate will be 7.50% annually in line with the rules issued by the central banking institution (RBI).

The newly announced base rate will be effective from July 1, 2010.

Kotak Mahindra Bank Hold

Stock market analyst Avinash Gorakshakar is of the view that investors can hold Kotak Mahindra Bank Ltd stock for 17-18% gains.

According to analyst, the investors can achieve the stock in a period of 12 months.

Today, the shares of the company opened at Rs 755 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 37.55 and 20.48 respectively.

The share price has seen a 52-week high of Rs 878 and a low of Rs 550 on BSE.

Kotak Mahindra Bank inked a deal with Sumitomo Mitsui Banking Corporation, Japan (SMBC) for a preferential issue to SMBC of 16.4 million shares of Kotak that totals to around 4.5% equity stake on a post-issue basis for Rs 1,366 crore.

Kotak Mahindra Bank recorded an increase of 99% in its consolidated net profit, which stood at Rs 4,185.51 million as against Rs 2,106.65 million during the corresponding quarter last year.

The bank's total income grew by 31.95% to Rs 29,453.13 million for the quarter ended March 2010 from Rs 22,321.21 million for the quarter ended March 2009.

On standalone basis, the company's net profit surged 97.42% to Rs 2,025.01 million for the quarter ended March 2010.

Buy Dena Bank For Target Of Rs 115

Stock market analyst Shardul Kulkarni of Angel Broking is of the view that investors can buy Dena Bank stock with target of Rs 115 within 3-4 months.

According to analyst, the traders can buy the stock stop loss of Rs 92.50.

Mr. Kulkarni added that Dena Bank is a profitable option to reap good returns in the short term.

Today, the shares of the bank opened at Rs 93 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 96.40 and a low of Rs 46 on BSE.

Current EPS & P/E ratio stood at 17.82 and 5.22 respectively.

Dena Bank, one of the earliest banking institutions in the country, is headquartered in Mumbai.

The bank was founded by the family of Devkaran Nanjee under the name Devkaran Nanjee Banking Company Ltd.

It got nationalized in the year 1969 together with 13 other banking institutions in the country.

Dena Bank's major activity is to offer up commercial banking and other associated services.

The other services provided by the bank include merchant banking, asset management and other related services.

Sell ICICI Bank With Target Of Rs 845

Stock market analyst Salil Sharma has maintained 'sell' rating on Larsen & Toubro Ltd stock with target of Rs 845.

According to analyst, the investors can sell the stock with stop loss of Rs 880.

Today, the stock opened at Rs 863 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1009.50 and a low of Rs 621.90 on BSE.

Current EPS & P/E ratio stood at 36.10 and 23.78 respectively.

ICICI Bank declared that it would declare its base rate on Wednesday (June 30). The banking institution also announced a dividend of 120% at its AGM, which took place on June 28.

Mrs. Chanda Kochhar, managing director and CEO of ICICI Bank, stated, "We just concluded our annual general meeting which saw all resolutions being passed unanimously. We have recommended a dividend of 120 per cent."

She also stated that ICICI bank would declare its base rate on June 30.

The current rates would be altered as per the base rate, which comes into effect from July 1.

She also stated that announcement of dividend is a result of an increase in the bank's consolidated income.