Bangalore: IIFL is bullish on ICICI Bank and has recommended buy rating on the stock with a target of Rs. 1130. According to IIFL, ICICI Bank on the daily chart has retreated from the resistance level of Rs. 1125 in past trading session, however volumes have failed to expand during declines which reinforces positive trend in the indicator.
ICICI Bank is a banking company engaged in providing a range of banking and financial services, including commercial banking and treasury operations. It operates under four segments: retail banking, wholesale banking, treasury and other banking. The Bank's subsidiaries include ICICI Prudential Life Insurance Company Limited, ICICI Lombard General Insurance Company Limited, ICICI Trusteeship Services Limited, ICICI Prudential Pension Funds, Management Company Limited, ICICI Home Finance Company Limited and ICICI Securities Limited.
IIFL says, currently the stock is placed near the support of 10 DMA. With the recommended price of Rs. 1130, if the stock is bought at Monday's closing price of Rs. 1098, the percentage of gain would be 2.83 percent.
ICICI Bank is a banking company engaged in providing a range of banking and financial services, including commercial banking and treasury operations. It operates under four segments: retail banking, wholesale banking, treasury and other banking. The Bank's subsidiaries include ICICI Prudential Life Insurance Company Limited, ICICI Lombard General Insurance Company Limited, ICICI Trusteeship Services Limited, ICICI Prudential Pension Funds, Management Company Limited, ICICI Home Finance Company Limited and ICICI Securities Limited.
IIFL says, currently the stock is placed near the support of 10 DMA. With the recommended price of Rs. 1130, if the stock is bought at Monday's closing price of Rs. 1098, the percentage of gain would be 2.83 percent.
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