ratsharp

ICICI Bank Up 10% on News of IPO of Brokerage Arm: What's Next?

i'd compare icici to the culture/technology/peo... at bank of america .... the excesses icici will reach in valuations must atleast match BOA in historical ..relative or absolute terms.... I am not sure if that's already surpassed... but i'd hold this one till the india story is finally over... No other stock reflects the India story in its totality urban or rural ..consumer or corporate. Also the mark to mark gains on their books on account of any fall in interest rates at the long end of the horizon from the peak levels will provide the buffer one needs.