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Major Indian Bank ICICI (IBN) Continues March Upwards

  +Follow December 6, 2013 1:24PM
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Though the country of India has had a particularly rough economic 2013, with a devaluing rupee and outdated corporate laws slowing growth and overseas investment, a handful of Indian financial institutions have begun showing signs of life in late 2013, with ICICI Bank (IBN) leading the way. ICICI saw significant gains the last two days, erasing a sizable portion of the banks YTD losses.

IBN Rises, Falls with Indian Economy

ICICI has not been immune to the contracting Indian economy, shedding some 15 percent of its valuation in 2013. Internal and external positive economic developments have assuaged fears their slide would exacerbate, leading many analysts to cite ICICI as a potential turnaround.

On the macro level, India has stopped the bloodletting with the installation of Raghuram Rajan as the Reserve Bank Chief. Rajan immediately instituted sweeping economic change to address monetary concerns, and has tempered Indian economic slide by strengthening India’s reserves greatly. ICIC has also benefited from Rajan’s move to issue more bank licenses in the country, expanding the reach of banks into previously “underbanked” rural areas of the country.

IBN Among Strongest Players in Segment

While all boats rise in high tide, ICICI has been singled out as a particularly strong contender to rebound in the coming months. In October Ajay Bodke of Prabhudas Liadher cited ICICI as the second strongest large cap Indian bank play, just behind HDFC  Bank Ltd. (HDB) . ICICI also received high marks from Dhananjay Sinha of Emkay Global Financial Services.

Early December’s spike can be specifically attributed specifically to the finalization of a deal with steel manufacturer Stemcor to assist that company with a multibillion dollar asset sale.

On Dec. 6 ICICI rose 4.44 percent to hit $38.54 a share. Though the company’s shares were down 18.9 percent on the year prior to the day’s trading, they have experienced a nice uptick the last three months, gaining 18.5 percent in that time frame.

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Results for IBN
dailystockplays.com
1 Apr 15 18:44:12
Elder Green $GDX $UWTI $USO $UCO $NUGT $ABEV $GDXJ $CHK $SUNE $VZ $HEDJ $WIN $IBN $NBR $CTL $ECA $OIBR $MRO $WFT $WPX
Stockmarketsvane
1 Apr 15 17:18:09
Swing Sell Picks: $BBG, $IBN, $WLL http://t.co/9XxbF5OaMe
rallystocks
1 Apr 15 09:44:19
$IBN should go up.. indian finacial yr started from today. entered at $10.17
BlockTradeAlert
1 Apr 15 08:48:44
BLOCK TRADE: $IBN 561,100 shares @ $10.44 [11:48:44]
StockSpotter
1 Apr 15 08:21:43
$IBN up 1.9% to 10.56 after bullish trade setup #stocks #options #trading http://t.co/g1aHKRrETw
ProVesting
31 Mar 15 22:27:02
$SCBFF $C $HSBC $HDB $IBN $SBKFF: Indian's Private Banks Push Into Derivatives: http://t.co/repLSGTi3n
leahanne
31 Mar 15 16:41:20
Volume Alert - IBN 10.36 Icici Bank Limited $IBN Hit a high today of 10.41 Closing the day 03/31/15 at 10.36 + http://t.co/N0JeHLhJ6X
leahanne
31 Mar 15 16:40:59
$IBN Volume Alert - IBN Stock 10.36 Icici Bank Limited $IBN Hit a high today of 10.41 Closing the day 03/31/15 at 1 http://t.co/xcY6vhGwv7
HedgeMind
31 Mar 15 12:07:09
$IBN clearly is a top value stock, loved by Robert Pohly, Ken Fisher, Howard Marks, Clifford Asness, Jeremy Grantham, http://t.co/KB26lbqncO
HedgeMind
31 Mar 15 12:02:09
$IBN $HDB are 2 most loved India ADRs; enjoyed strong buying & rising funds owning trend. Interestingly both banks. http://t.co/kN80Wvaahg
HedgeMind
31 Mar 15 11:31:20
10 most owned ADR stocks in ETF $FNI (Chindia Index Fund): $BIDU $KORS $VIPS $MPEL $CTRP $JD $IBN $QIHU $SFUN $HDB http://t.co/JnbybU7JmO
BreakingStocksNews
31 Mar 15 09:53:03
$IBN: Stocks in the News - ICICI Bank (IBN), Banco Bradesco (BBD ...: http://t.co/y1mqwWHDo3
leahanne
30 Mar 15 15:34:52
Volume Alert - IBN 10.29 Icici Bank Limited $IBN Hit a high today of 10.51 Closing the day 03/30/15 at 10.29 + http://t.co/k7OdflwKfe
leahanne
30 Mar 15 15:34:30
$IBN Volume Alert - IBN Stock 10.29 Icici Bank Limited $IBN Hit a high today of 10.51 Closing the day 03/30/15 at 1 http://t.co/Su8ejQwZBF
Sleek Money
30 Mar 15 08:50:17
Zacks: Brokerages Give $15.00 Consensus Target Price to ICICI Bank $IBN http://t.co/Q6jr4r5iaT
ProTradersNews
30 Mar 15 08:50:03
$IBN: Zacks: Brokerages Give $15.00 Consensus Target Price to ICICI ...: http://t.co/dkTz7F5NGq
Stoxline Investing
30 Mar 15 07:45:48
$IBN Looking for an entry for next leg up. Six months target: 12.98 http://t.co/2dDWFd3NfH
Market Int Center
30 Mar 15 07:23:13
Icici Bank $IBN Trading Near $10.44 Resistance Level ( http://t.co/i4OnOylubO )
Breaking News Now
30 Mar 15 07:16:03
$IBN: 4 Stocks to Watch For: ICICI Bank Ltd (IBN), BioMarin ...: http://t.co/I0krfei9vU
Breaking News Now
30 Mar 15 07:10:05
$IBN $PRMW: Hot News: Oragenics (NYSEMKT:OGEN), ICICI Bank (NYSE:IBN ...: http://t.co/k3OLaOrBPJ
StockNewsWires
30 Mar 15 06:00:05
$IBN $CNDO: Morning Buzz: ICICI Bank Ltd. (NYSE:IBN), Coronado Biosciences ...: http://t.co/RvRQgnUGz3
Penny Stock Secret
30 Mar 15 05:12:31
This Guy Is Making Millions! Watch This Video Proof Here At http://t.co/NovWYe2RAx .. $IBN $IBP $ICA
Mark Trader
30 Mar 15 05:06:33
http://t.co/U0VrKn1h21 has the most reliable picks in the market. The move fast and never fail. $IBN $GNW $WPX $CERS $MT $ODP $FCAU
NASDAQ
30 Mar 15 04:52:13
$IBN - Report of Foreign Issuer (6-k) http://t.co/bMeJTgcIz8
Breaking News Now
30 Mar 15 04:40:08
$IBN: New SEC Filing for IBN: Form 6-K (No. 0000950103-15-002410): http://t.co/nJhL8OjfDh
Latest SEC Filings
30 Mar 15 04:39:06
NEW SEC Filing for $IBN filed a moment ago: http://t.co/dohtlt4Br7 http://t.co/kSKU310eMs
ProVesting
30 Mar 15 00:47:02
$IBN: India: Why Morgan Stanley Loves HDFC: http://t.co/8zlHuYUe6m
The Legacy News
29 Mar 15 04:57:38
ICICI Bank’s “Buy” Rating Reiterated at Zacks $IBN http://t.co/7XRuateyjs
NASDAQ
28 Mar 15 09:16:09
$IBN - Credit Growth In India Yet To See Pick Up, Bank Earnings To Be Under Pressure In 1H 2015 http://t.co/FzQJEKqfw2
Quantpost Financial
28 Mar 15 09:09:51
$IBN News: "Credit Growth In India Yet To See Pick Up, Bank Earnings To Be Under…" http://t.co/la7VcHyIld Quote: https://t.co/lzTZDcUlNO
Financial Stocks
28 Mar 15 09:09:50
Credit Growth In India Yet To See Pick Up, Bank Earnings To Be Under Pressure In 1H 2015 http://t.co/uSnotz20j0 $IBN $HDB
Seeking Alpha
28 Mar 15 09:09:49
Credit Growth In India Yet To See Pick Up, Bank Earnings To Be Under Pressure In 1H 2015 http://t.co/cdMaWyfzor $IBN $HDB
James P Worthy
27 Mar 15 14:32:40
$IBN Analyst Rating Update on ICICI Bank Ltd (ADR) http://t.co/zjmTY3lUCD
Harry Walkman
27 Mar 15 14:32:38
$IBN Goldman Sachs Rating Disclosure on ICICI Bank Ltd (ADR) http://t.co/17PvhWAnVc
dailystockplays.com
27 Mar 15 13:43:31
NR7 http://t.co/EUXZPvxckv $VXX $UGAZ $UVXY $FCX $XIV $XLE $WLL $SD $NOK $MRK $IYR $DGAZ $OAS $SDRL $XOP $UNG $AUY $IBN $JNJ $SPLS
US Banking News
27 Mar 15 12:19:44
ICICI Bank’s “Buy” Rating Reaffirmed at Zacks $IBN http://t.co/AWSoDMb6N4
ProVesting
27 Mar 15 12:15:06
$IBN: ICICI Bank Given Buy Rating at Zacks (IBN): http://t.co/NKgedzeZSy
Sleek Money
27 Mar 15 12:05:21
ICICI Bank Receives “Buy” Rating from Zacks $IBN http://t.co/XJ7zZ4yc9e
Analyst Ratings
27 Mar 15 12:01:35
ICICI Bank Ltd's buy rating reiterated at Zacks. $11.00 PT. http://t.co/bGsmPXU8gb $IBN #IBN
US Consumer News
27 Mar 15 12:00:39
ICICI Bank Ltd's buy rating reiterated at Zacks. $11.00 PT. http://t.co/PnmStFh8dZ $IBN #IBN
Ticker Report
27 Mar 15 11:56:20
ICICI Bank’s “Buy” Rating Reaffirmed at Zacks $IBN http://t.co/3v5dDasRmK
Market Int Center
27 Mar 15 11:54:04
Potential Icici Bank $IBN Trade Has 11.46% Downside Protection ( http://t.co/7UL7RRyu8Y )
Breaking News Now
27 Mar 15 10:20:03
$IBN $JD: Investor's Alert - ICICI Bank (IBN), http://t.co/wtOr2j4Rah (JD), Encana (ECA), E I ...: http://t.co/JVoW4IdDz9
Steve Jackson Show
27 Mar 15 08:22:42
RT @DeFotis: India Headlines: Market Sinks 3% For Week, Domestic Wealth Skyrocketing http://t.co/gZzCre6ZCm @barronsonline $EPI $INDY $IBN …
Barron's
27 Mar 15 07:24:15
RT @DeFotis: India Headlines: Market Sinks 3% For Week, Domestic Wealth Skyrocketing http://t.co/gZzCre6ZCm @barronsonline $EPI $INDY $IBN …
Dimitra DeFotis
27 Mar 15 07:19:42
India Headlines: Market Sinks 3% For Week, Domestic Wealth Skyrocketing http://t.co/gZzCre6ZCm @barronsonline $EPI $INDY $IBN $TTM $INFY
WKRB News
27 Mar 15 05:16:39
Brokerages Give Consensus Rating of “Strong Buy” to ICICI Bank $IBN http://t.co/dToA9aBgJA
SwingTradeBot
26 Mar 15 14:34:58
Scan results - Stochastic Buy Signal today: $HRS $IBN $AEGR $ZOES $MRVL $SPLK $HALO $ALKS $GGG $WNC ... http://t.co/2vfWZG86fy
Market Int Center
26 Mar 15 07:21:31
Icici Bank $IBN Showing Resistance Near $10.65 ( http://t.co/0weoX0Sicr )
BreakingStocksNews
26 Mar 15 07:06:03
$IBN $CASY: Today's Hot List: ICICI Bank Ltd. (NYSE:IBN), KeyCorp. (NYSE:KEY ...: http://t.co/CTEZ9cn5V9
				
				
  +Follow December 6, 2013 1:24PM
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