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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Though the country of India has had a particularly rough economic 2013, with a devaluing rupee and outdated corporate laws slowing growth and overseas investment, a handful of Indian financial institutions have begun showing signs of life in late 2013, with ICICI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
leahanne
17 Apr 15 19:46:12
Volume Alert - IBN 10.27 Icici Bank Limited $IBN Hit a high today of 10.38 Closing the day 04/17/15 at 10.27 - http://t.co/oem6TuTkyF
leahanne
17 Apr 15 19:45:50
$IBN Volume Alert - IBN Stock 10.27 Icici Bank Limited $IBN Hit a high today of 10.38 Closing the day 04/17/15 at 1 http://t.co/5TwQ5Qftpg
Investors Hangout
17 Apr 15 17:34:15
Stocks Trending Now: http://t.co/ge4HpDj3w8 $TSU $SHTDF $VNRBP $YSHLF $CGXEF $IBN $WWNTF $QSND $WTBFA $COSI $JTXMF $MCGRF ~
John Ablemann
17 Apr 15 08:33:05
$IBN ICICI Bank Limited (IBN): New Analyst Report from Zacks Equity Research ... http://t.co/U3uO4sHzf7
Breaking News
17 Apr 15 02:33:03
$IBN: Societe Generale Rating on ICICI Bank Limited (NYSE:IBN): http://t.co/iNGSpMZiI3
InvestAlert
16 Apr 15 18:16:06
$IBN (Icici Bank Ltd) is at $10.43 with a 14-day Standard Deviation of $0.07
Lucretia
16 Apr 15 09:33:43
$IBN Goldman Sachs Rating Disclosure on ICICI Bank Ltd (ADR) http://t.co/S5uVjyfYVt
John Turner
16 Apr 15 08:02:48
$IBN Goldman Sachs Rating Disclosure on ICICI Bank Ltd (ADR) http://t.co/lzaV2pIaMb
StockNewsWires
15 Apr 15 20:12:02
$VOD $EPI $INDA $HDB $IBN: India's $6.4 Billion Capital Gain Tax Could Dampen Foreign ...: http://t.co/sEEWf4I7Sp
Mother of Sin
15 Apr 15 14:33:02
$IBN chart https://t.co/sG0ZB5zSpc Took MAY 11 Calls here @ .20
Analyst Ratings
15 Apr 15 05:08:21
Want automatic email alerts for $SHAW $IBN $CLDX $EXM $SKS? Subscribe to ARN Daily http://t.co/nSJuDsYidj
dailystockplays.com
14 Apr 15 15:00:12
Elder Red http://t.co/JNGM6DMkPr $KEY $TSM $FITB $MPEL $VIPS $SWKS $SYMC $FTR $CNX $VOYA $FLEX $IBN $GLD $WFM $WEN $BBT $TSU $SMH
iHangout
14 Apr 15 12:58:16
clayton: The Launch Pad: IBN 10.61 Icici Bank Limited $IBN added to my http://t.co/PLmcQUgdOb
clayton
14 Apr 15 12:51:49
IBN 10.61 Icici Bank Limited $IBN added to my watch list. Right now with IBN I am watching the last price 10.6 http://t.co/4BsbndvGrV
clayton
14 Apr 15 12:51:27
$IBN IBN 10.61 Icici Bank Limited $IBN stock added to my watch list. Right now with IBN I am watching the last pric http://t.co/7810BySx8V
Lucretia
14 Apr 15 10:33:28
$IBN Analyst Rating Update on ICICI Bank Ltd (ADR) http://t.co/W6u6dYSsuF
ProTradersNews
14 Apr 15 06:57:03
$IBN $HCBK: Hot Stocks: ICICI Bank Ltd. (NYSE:IBN), Hudson City Bancorp, Inc ...: http://t.co/zrE3WbIdYS
NASDAQ
14 Apr 15 04:46:39
$IBN - ICICI's Long-Term Triggers Are Extremely Positive And Looks Poised For Strong Upside And Re-Rating Of http://t.co/uEyfBA4DYW
Media Sentiment
14 Apr 15 04:35:09
$IBN received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 54
Quantpost Financial
14 Apr 15 04:32:39
$IBN News: "ICICI's Long-Term Triggers Are Extremely Positive And Looks Poised…" http://t.co/9cISdHvo3W Analyze: https://t.co/kuJ9GejWkW
Financial Stocks
14 Apr 15 04:32:39
ICICI's Long-Term Triggers Are Extremely Positive And Looks Poised For Strong Upside And Re... http://t.co/Z6qrwYgmLb $IBN
Long & Short Ideas
14 Apr 15 04:32:38
ICICI's Long-Term Triggers Are Extremely Positive And Looks Poised For Strong Upside And Re... http://t.co/mJWjlth9ID $IBN
Seeking Alpha
14 Apr 15 04:32:38
ICICI's Long-Term Triggers Are Extremely Positive And Looks Poised For Strong Upside And Re... http://t.co/CbUwP8iqhN $IBN
dailystockplays.com
13 Apr 15 16:22:41
NR7 Stocks http://t.co/grSy20ltXT $INTC $RAD $AMAT $NLY $IBN $TLM $YNDX $ESV $AXP $TLT $IBM $SLV $UUP $XLP $PM $AKS $SPF $NRF
Langan Stocks
13 Apr 15 09:50:21
leahanne: Volume Alert - IBN 10.54 Icici Bank Limited $IBN http://t.co/UexXPotiy6
leahanne
13 Apr 15 09:49:38
Volume Alert - IBN 10.54 Icici Bank Limited $IBN Hit a high today of 10.55 Closing the day 10:30 at 10.54 +0.0 http://t.co/mLLELGTixO
leahanne
13 Apr 15 09:49:16
$IBN Volume Alert - IBN Stock 10.54 Icici Bank Limited $IBN Hit a high today of 10.55 Closing the day 10:30 at 10.5 http://t.co/b2rmDjpRUu
James P Worthy
13 Apr 15 08:02:35
$IBN Goldman Sachs Rating Disclosure on ICICI Bank Ltd (ADR) http://t.co/ACbQI20CZy
Breaking News
13 Apr 15 04:25:11
$IBN $FLEX: Asian stocks trim gains: Sony (SNE), ICICI Bank (IBN), Flextronics ...: http://t.co/n7g63CQrQJ
NASDAQ
13 Apr 15 04:16:05
$IBN - Monetary Policy Transmission Begins In India - How Will It Impact Bank Earnings? http://t.co/H4Pn4jMc4S
Quantpost Financial
13 Apr 15 04:05:40
$IBN News: "Monetary Policy Transmission Begins In India - How Will It Impact…" http://t.co/WSgwt6fQYp Analyze: https://t.co/PcR1fXfUbz
Seeking Alpha
13 Apr 15 04:05:40
Monetary Policy Transmission Begins In India - How Will It Impact Bank Earnings? http://t.co/dsrNC2K4Em $IBN $EPI $HDB $INDY $PIN $INDL
Breaking News
13 Apr 15 03:00:05
$IBN: Company Shares of ICICI Bank Limited Drops by -1.78%: http://t.co/A80W8t2E1i
Penny Stock Secret
12 Apr 15 22:50:25
Yesterday We Made $89,000 In Just One Trade More Info Here http://t.co/NovWYe2RAx .. $IBN $IBP $ICA
BreakingStocksNews
12 Apr 15 19:52:01
$IBN $FM: Pakistan Raises $993 Million As Foreigners Eye Its Vast Population: http://t.co/3ltLjYIoEF
dailystockplays.com
12 Apr 15 12:39:24
Hammer http://t.co/sdH5DHrFva $ACT $CTB $NBTB $MBUU $CPTA $TPH $TCON $IBN $TST $ECSL $GSI $EORBF $EDIG $MBMI $MELY $BGNN $PROT $FDIT
BreakingStocksNews
11 Apr 15 07:06:18
$IBN: Stocks in a bullish Hug - ICICI Bank (IBN), Oracle (ORCL), Voltari ...: http://t.co/lV4mGTCKzK
SwingTradeBot
10 Apr 15 14:32:44
Scan results - Hammer Candlestick today: $FIS $AMP $BBVA $HCSG $ZUMZ $IBN $CAJ $CTB $TPH $ROK ... http://t.co/W2g6XQTGUA
dailystockplays.com
10 Apr 15 13:32:33
Hammer http://t.co/em06fDmDBa $ACT $CTB $NBTB $MBUU $CPTA $TPH $TCON $IBN $TST $ECSL $GSI $EORBF $EDIG $MBMI $MELY $BGNN $PROT $FDIT
Charlie Weeks
10 Apr 15 09:54:31
Technical indicator (Directional Movement Indicator) signaled a Sell for $IBN at $10.40 #stockmarket - http://t.co/qSjrYICuEc
leahanne
10 Apr 15 08:01:42
Volume Alert - IBN 10.30 Icici Bank Limited $IBN Hit a high today of 10.48 Closing the day 10:30 at 10.30 -0.1 http://t.co/1ISSd7vSWi
leahanne
10 Apr 15 08:01:20
$IBN Volume Alert - IBN Stock 10.30 Icici Bank Limited $IBN Hit a high today of 10.48 Closing the day 10:30 at 10.3 http://t.co/1evg2nV2Kh
Breaking News
10 Apr 15 03:20:08
$IBN: Brokerage Firm Price Target on ICICI Bank Limited: http://t.co/BQ1DM5dQdp
				
				
  +Follow December 6, 2013 1:24PM
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