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Opinion on  ICICI Bank Ltd (IBN)     Sector: Financial  >  Industry: Regional Banks
Bullish on IBN ...

May 19, 2009 11:26 AM GMT
Return Risk
+40.92% LOW
Analyst

doing the math
Price of ICICI in India (http://www.moneycontrol.com/india/stockpricequote/banksprivatesector/icicibank/ICI02) = Rs 758
Conversion Rate = 47.65

The price of the ADR = (758/47.65)*2 = $31.81

The current price of the ADR = $29


IBN:  This call was made on 05/19/09 @ $29.29
Rating:   Positive   $29.29 (05/19/09)
Gain/Loss:   +33.77% in 175 days


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