News Agency News Aggregator Journalist/Editor Broking House Others
Not all is bullilsh.. IciciBank Weekly and daily chart..
ICICI Bank will release its numbers on January 25.
Next week, companies like Kotak Mahindra Bank, Zee Entertainment Enterprises, Axis Bank, Larsen & Toubro, Biocon, Bank of Baroda, EIH, UltraTech Cement and ICICI Bank, among others, are expected to announce their Q3 earning results.
"In the coming week, investors will eye the next batch of corporate results, including Zee Enter, Asian Paints, Axis Bank, L&T, Ultratech and ICICI Bank among the larger ones," HDFC Securities' Retail Research Head Deepak Jasani said.
Among the top 10, Reliance Industries, TCS, HUL, Infosys, Kotak Mahindra Bank and ITC witnessed gains in their market capitalisation (m-cap) for the week ended Friday, while HDFC Bank, HDFC, ICICI Bank and SBI suffered losses.
In the ranking of top-10 firms, RIL was leading the pack followed by TCS, HDFC Bank, Hindustan Unilever (HUL), HDFC, ICICI Bank, Infosys, Kotak Mahindra Bank, ITC and SBI.
The market valuation of ICICI Bank plummeted by Rs 6,040.83 crore to Rs 3,43,477.06 crore and that of HDFC Bank dropped by Rs 2,930.21 crore to Rs 6,99,881.90 crore. HDFC’s m-cap fell by Rs 726.19 crore to reach Rs 4,24,293.86 crore.
ICICI BANK Edelweiss also said slippages would stabilise and would largely flow from existing stress pool. "That said, we need to watch for downgrades to BBB and below list (system has seen higher downgrades)."
(2/2)... ICICI Bank Below investment grade portfolio to remain stable," said Kotak Institutional Equities which expects profit growth of 212.6 percent YoY and 33 percent in NII.
ICICI Bank "We expect reduction in gross NPLs on the back of write-offs and slippages at around 1.5 percent (of total loan book) levels. Credit costs to decline sharply QoQ on account of resolutions in a few large cases like Essar Steel, Ruchi Soya, JP Power. (1/2)
ICICI Bank Net interest income and pre-provision operating profit may grow around 30 percent each year-on-year, with loan growth of around 13 percent YoY. Asset quality is expected to be stable for the quarter.
ICICI Bank The country's largest private sector lender ICICI Bank on January 25 is expected to register a solid triple digit growth profit during October-December period on account of Essar Steel recovery. Also there could be substantial decline in provisions during the quarter.
▶ SBI revises FD rates. How they compare with Yes Bank, ICICI Bank, HDFC Bank, Axis Bank - Livemint: SBI revises FD rates. How they compare with Yes Bank, ICICI Bank, HDFC Bank, Axis Bank Livemint GOOGLE
If Banking stocks interests you, keep tab on SBI, ICICI and Kotak. All three will move. Swing and Day trading.