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Major Indian Bank ICICI (IBN) Continues March Upwards

  +Follow December 6, 2013 1:24PM
Tickers Mentioned:

Though the country of India has had a particularly rough economic 2013, with a devaluing rupee and outdated corporate laws slowing growth and overseas investment, a handful of Indian financial institutions have begun showing signs of life in late 2013, with ICICI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
investor wired
22 May 15 07:30:27
Asian Stocks Rose: http://t.co/ZKuWSz0Yvg $XNET $HIMX $BABA $BITA $IBN
22 May 15 07:03:55
BLOCK TRADE: $IBN 500,000 shares @ $10.45 [10:03:55]
Day Traders Group
21 May 15 18:31:12
Highly traded bullish stocks http://t.co/Km5fFvQ3XW $JRJC $ATNM $RENN $IBN $VNDA $BITA $RAD $PE $VIP $ANN $GBX $UCBI http://t.co/eavizuP1z2
21 May 15 14:44:43
Below Ichimoku http://t.co/Bz91v34oH0 $CLF $IBN $OXY $CNP $AMX $XEL $OKE $LNCO $IRM $OGE $ACCO $RYL $OKS $TIME $DHX $CMLP $TGTX $WWW
Market Realist
21 May 15 08:55:03
Foreign Investors Flee Indian Markets—Is Modi Magic Over? $FXI $ERUS $HDB $IBN http://t.co/xdP8M3zetd
Eugenio Simón
21 May 15 06:18:23
"@stoxlineinvestment: Top Buy Stocks for May 21: $CMCSA, $IBN, $WBAI, $MU, $MET http://t.co/ON1mBu4doq"
Investors Hangout
20 May 15 19:25:14
leahanne: Volume Alert - IBN 10.63 Icici Bank Limited $IBN http://t.co/luihRXzAtN
Investors Hangout
20 May 15 19:25:12
leahanne: Volume Alert - IBN 10.63 Icici Bank Limited $IBN http://t.co/2GItjJfAPi
20 May 15 19:20:45
Volume Alert - IBN 10.63 Icici Bank Limited $IBN Hit a high today of 10.72 Closing the day 05/20/15 at 10.63 + http://t.co/NhrLFkbx8O
Stoxline Investing
20 May 15 18:03:18
Top Buy Stocks for May 21: $CMCSA, $IBN, $WBAI, $MU, $MET http://t.co/X2Rj13n9bh
Wesley Harr
20 May 15 12:52:22
RT @LSFinancial: Call/Put Highest % volume changes: Calls: $WEN, $IBNR, $IBN, $IYT, $TSN. Puts: $LUV, $APOL, $SRPT, $SFUN, $INSY.
20 May 15 11:54:12
Call/Put Highest % volume changes: Calls: $WEN, $IBNR, $IBN, $IYT, $TSN. Puts: $LUV, $APOL, $SRPT, $SFUN, $INSY.
Breaking News Now
20 May 15 10:38:02
$IBN: Morning Buzzers - ICICI Bank (IBN), Mondelez International (MDLZ ...: http://t.co/9JPUN0XFLe
20 May 15 08:54:44
mediasentiment: $IBN received a new alert. Find out why at http://t.co/rRtKVALqb5 #stocks #daytrading #trading #… http://t.co/i8HJt85krl
Media Sentiment
20 May 15 08:40:30
$IBN received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 308
Market Int Center
20 May 15 08:40:01
Icici Bank $IBN Showing Bearish Technicals With Support At $10.23 ( http://t.co/MS4uwNQgt0 )
Stoxline Investing
20 May 15 07:47:58
$IBN has been showing support at $10.39 and resistance at $11.08. Technical strong buy http://t.co/TYUU5EoppK
Peter Bardens
20 May 15 06:35:12
$IBN ICICI Bank Ltd (ADR) (NYSE:IBN) ATM Charges Hiked 2015 Jan 1 http://t.co/zXPx2n21DY
Breaking News Now
20 May 15 05:52:08
$IBN: ICICI Bank Limited Price Target Update: http://t.co/9i3R4Y5Oaw
19 May 15 23:53:53
#India ’s Rajan Eyes #BadBankLoans, Fed Action http://t.co/V1hAIzRUHZ $VWO $HDB $IBN
19 May 15 22:33:24
$IBN: Large Outflow of Money Witnessed in ICICI Bank Limited: http://t.co/uT84H6QT8e
19 May 15 15:39:15
19 May 15 10:52:01
BLOCK TRADE: $IBN 811,077 shares @ $10.41 [13:52:00]
Dimitra DeFotis
19 May 15 09:49:16
India’s Rajan Eyes Bad Bank Loans, Fed Action http://t.co/YfR9gXL2jX @barronsonline $HDB $IBN $INDA $SMIN $INCO
19 May 15 09:38:04
$IBN: Stock Update - ICICI Bank Limited (NYSE:IBN): http://t.co/gu0eGZ9U8c
John Ablemann
19 May 15 09:01:29
$IBN Technical Report on ICICI Bank Ltd (ADR) (NYSE:IBN) http://t.co/tP9JMa479R
Penny Stock Secret
18 May 15 14:08:46
Ranks #1 with over 80% in alert gains today. Click here http://t.co/NovWYe2RAx .. $IBN $IBP $ICA
18 May 15 13:45:56
Volume Alert - IBN 10.30 Icici Bank Limited $IBN Hit a high today of 10.52 Closing the day 15:50 at 10.30 -0.2 http://t.co/RbjOIuNZ0A
Otto Max Investments
18 May 15 09:42:41
Also shorted $IBN.
Peter Bardens
18 May 15 09:35:13
$IBN ICICI Bank Ltd (ADR) (NYSE:IBN) ATM Charges Hiked 2015 Jan 1 http://t.co/77oXlD1uq7
Media Sentiment
18 May 15 08:21:07
$IBN received a new alert. Find out why at http://t.co/nZwqReM0tj #stocks #daytrading #trading #mkt #NYSE #NASDAQ #markets 217
Quantpost Financial
18 May 15 08:20:18
$IBN News: "Rate Cut Can Trigger Rally For Indian Equities $EROS $IBN $INCO $INXX" http://t.co/Zb6XGKcjTO Analyze: https://t.co/33jDfWfFKM
Seeking Alpha
18 May 15 08:20:16
Rate Cut Can Trigger Rally For Indian Equities http://t.co/1LTgHzUIA1 $EROS $IBN $INCO $INXX
18 May 15 05:03:06
$INTC $MRVL $IBN: • Low P/E Suggests Higher Returns Ahead: Intel Corporation ...: http://t.co/fIol5Iv6ay
18 May 15 00:50:07
UVXY ProShares Ultra VIX Short-Term Futures ETF Shares Click Here -> http://t.co/hYvW4XrFuN Trending $UVXY $XLE $IBN $ALGN #UVXY…
18 May 15 00:49:09
TSLA Tesla Motors Inc. Short Sales Click Here -> http://t.co/IvHpmOsQbl Trending $TSLA $KEY $AVG $IBN #TSLA #stock #stock
18 May 15 00:47:44
SC Santander Consumer USA Holdings Inc. Quotes Click Here -> http://t.co/wApa4xL57s Trending $SC $FXS $NAT $IBN #SC #share #stock
18 May 15 00:47:04
RNWK RealNetworks, Inc. Day High Click Here -> http://t.co/g8yLkEcvyc Trending $RNWK $AMD $IBN $XOP #RNWK #pennystocks #finance
18 May 15 00:46:33
RETL Direxion Daily Retail Bull 3x % Change Click Here -> http://t.co/E87nq14lJN Trending $RETL $IBN $AMGN $MTOR #RETL #invest #stock
Lucky Jimmy
18 May 15 00:46:06
NRZ New Residential Investment Corp. Yield Click Here -> http://t.co/GeXjm8gtYW Trending $NRZ $HJOE $BRCM $IBN #NRZ #pennystocks…
18 May 15 00:44:07
NAT Nordic American Tanker Shipping Ltd. 52Wk High Click Here -> http://t.co/KwFIA6cyd2 Trending $NAT $IBN $BIDU $AMZN #NAT #finance…
18 May 15 00:43:46
IHNASDAQOMX: IBN Icici Bank Ltd. Ask Click Here -> http://t.co/kXopitiFRB Trending $IBN $CTIC $FBT $CAT #IBN #p… http://t.co/Z2kvWG3C1I
18 May 15 00:43:38
lookn4wins: IBN Icici Bank Ltd. Market Cap Click Here -> http://t.co/ECyOpT6niA Trending $IBN $EA $MCP $RSP #IB… http://t.co/Z2kvWG3C1I
18 May 15 00:43:35
MMM 3M Co. Summary Click Here -> http://t.co/bx4fjeHlpM Trending $MMM $ATC.V $IBN $WDC #MMM #tradeideas #pennystocks
Lucky Jimmy
18 May 15 00:43:20
KO Coca Cola Co. Exchange Click Here -> http://t.co/URoYduT0Pp Trending $KO $IBN $GLD $WDC #KO #share #tradeideas
Lucky Jimmy
18 May 15 00:42:08
IBN Icici Bank Ltd. EOD Data Click Here -> http://t.co/B6XJMsiVvk Trending $IBN $RETL $SPXS $ABT #IBN #share #pennystocks
Investors Hangout
18 May 15 00:41:37
HJOE Hangover Joe's Holding Corp. Quotes Click Here -> http://t.co/4FicxxtTkk Trending $HJOE $IBN $NAT $BNK.TO #HJOE #tradeideas #stock
18 May 15 00:41:36
IBN Icici Bank Ltd. Ask Click Here -> http://t.co/veTob2Cczd Trending $IBN $CTIC $FBT $CAT #IBN #pennystocks #finance
18 May 15 00:41:06
IBN Icici Bank Ltd. Investor Opinions Click Here -> http://t.co/ePMgL0pKMp Trending $IBN $XLV $MMM $LUV #IBN #pennystocks #pennystocks
18 May 15 00:41:06
IBN Icici Bank Ltd. Market Cap Click Here -> http://t.co/LMrW1WVLOk Trending $IBN $EA $MCP $RSP #IBN #finance #investing
  +Follow December 6, 2013 1:24PM



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