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This Quarter's Sentiment:
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Bullish on IBN ...
IBN
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+23.11%
in
173 days
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
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Outperformer
IBN
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-2.57%
in
511 days
I know that the banking sector has seen very bad times in the recent past and I know that people wouldn't even like to touch the banking sector with a bargepole. But ICICI Bank, which is India's largest bank, is actually a pretty safe bet because it has had pretty limited exposure to the US subprime crisis and it hasn't had a lot of CDOs on its books. So, this bank has been well insulated. It just suffered some losses due to foreign currency hedging. But that is really temporary and these losses took place last quarter. So, the bank has had a chance to recover itself. Right now, the price i...
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ICICI Bank LTD
IBN
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-34.21%
in
113 days
(closed on 09/30/08)
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Stock of the Day
IBN
-23.23%
in
905 days
ICICI Bank (IBN) is showing surprising strength. The company is a broadly diversified financial institution and bank in Inida, its 2nd largest. And growth has been on a torrid pace. But the stock has been volatile recently. This is because rates are going up in India, and the perception is that this would weigh on financials. I spoke with my best India contact, and he told me that just because rates are moving higher doesn't mean that credit demand won't continue among India's burgeoning consumer base. <> I was worried about my position a little last week, but what a dif...
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Two-sided coin with ICICI Bank, Mon., Apr. 2, 2007, 3:58 PM
IBN
-3.81%
in
949 days
ICICI Bank of India (NYSE: IBN) is a recent entry to the Cara 100. As the leading lender, with a phenomenal five-year Compound Annual Growth Rate of 89.7 pct for mortgage loans and 66.3 pct for consumer loans, ICICI dominates the marketplace in a fast-growing India.
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From the Blogosphere
HDFC Bank Continues to Perform Solidly
We looked at ICICI Bank (IBN) Jun FY10 results last week. This week let's look at HDFC Bank (HDB) which continues its solid performance. We will look at FY09 performance first and follow it up with a glance at Jun FY10 results.
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ICICI Bank: The Slide Continues
ICICI Bank (IBN) is now under a new head, Ms. Chanda Kochar. She has been on record that in view of the changed environment, ICICI Bank will change tack, moderate its persuit of growth and pay more attention to containing risk. Let's look at how things have played out so far. Are the new initiatives working? We will first compare FY09 performance to FY08 and look at the trends showing up. We will look at the latest FY10 June results versus FY09 June Quarter, to get a feel of where things stand.
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Best Performing Stocks of the Past Quarter
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It has been an amazing run, as I've stated in previous missives the only move like this that I can recall of similar ilk was in late fall, early winter 1999 at the height of the internet boom. I believe we are now in week 11, with only 1 week down materially (1 week was flat, and the rest up).
As the 200 day and 20 day moving averages converge on our major indexes it appears we could be setting up for a material move in the indexes soon - either another leg up, or a potential reversal. Or maybe we'll surprise everyone and just go sideways for another 2 months. Either way, as we sit today I...
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Options Update: ICICI Bank volatility low into results of Indian general elections
Filed under: India, Options  ICICI Bank (NYSE: IBN), India's second largest bank, closed at $20.99. India is currently holding general elections -- the largest democratic election in the world -- to the 15th Lok Sabha. The results will be announced on May 16, 2009. IBN June option implied volatility of 85 is below its 26-week average of 95, according to Track Data, suggesting decreasing price movement.
<>Infosys (NASDAQ: INFY), a technology services firm based in India, closed at $30.36. INFY June option implied volatility is at 47, July is at 50; below its 26-week average of 61, according to Tr...
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Options Update: ICICI Bank volatility low into results of Indian general elections
Filed under: India, Options ICICI Bank (NYSE: IBN), India's second largest bank, closed at $20.99. India is currently holding general elections -- the largest democratic election in the world -- to the 15th Lok Sabha. The results will be announced on May 16, 2009. IBN June option implied volatility of 85 is below its 26-week average of 95, according to Track Data, suggesting decreasing price movement. <>Infosys (NASDAQ: INFY), a technology services firm based in India, closed at $30.36. INFY June option implied volatility is at 47, July is at 50; below its 26-week average of 61, according to Tr...
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