E-Investing India - Online Community for Investors and Traders  

Go Back   E-Investing India - Online Community for Investors and Traders > Stock Markets > Individual Stocks
Read All Rules Contact Site Administrator

Individual Stocks Discussion Forum for Individual Stocks. If you have query/suggestion on more than one stock, which are UNRELATED TO EACH OTHER, USE SEPARATE THREADS.

Reply
 
Thread Tools Display Modes
  #121  
Old 19th July 2013, 01:50 PM
Member
 
Join Date: Jan 2013
Posts: 42
Rep Power: 927
Paramita Bannerjee has a reputation beyond reputeParamita Bannerjee has a reputation beyond reputeParamita Bannerjee has a reputation beyond reputeParamita Bannerjee has a reputation beyond reputeParamita Bannerjee has a reputation beyond reputeParamita Bannerjee has a reputation beyond reputeParamita Bannerjee has a reputation beyond reputeParamita Bannerjee has a reputation beyond reputeParamita Bannerjee has a reputation beyond reputeParamita Bannerjee has a reputation beyond reputeParamita Bannerjee has a reputation beyond repute
Default ICICI Bank



ICICI Bank becoming attractive at sub 1000 levels...last 2 days closing at 980 & 984...the last time it closed below 1000 was in early April...
Reply With Quote
  #122  
Old 19th July 2013, 11:17 PM
Senior Member
 
Join Date: Jan 2008
Posts: 1,021
Rep Power: 2342
Atiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond repute
Default

Quote:
Originally Posted by Paramita Bannerjee View Post
ICICI Bank becoming attractive at sub 1000 levels...last 2 days closing at 980 & 984...the last time it closed below 1000 was in early April...
How is it attractive?

PE is still above 30.

Can you please share why you think its attractive?
Reply With Quote
  #123  
Old 20th July 2013, 05:42 PM
Administrator
 
Join Date: Sep 2006
Posts: 11,250
Rep Power: 7669
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by Atiker View Post
PE is still above 30.
According to moneycontrol.com, the PE is just 13.
Reply With Quote
  #124  
Old 20th July 2013, 06:54 PM
Member
 
Join Date: Jun 2009
Posts: 207
Rep Power: 1199
$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute
Default

Quote:
Originally Posted by Alchemist View Post
According to moneycontrol.com, the PE is just 13.
Even that is based on standalone numbers. Consolidated EPS for FY13 was around 83. Based on that PE is around 11.5.

These is a case for investing in private banks if they go lower. What do you feel Alchemist?
Reply With Quote
  #125  
Old 20th July 2013, 07:10 PM
Senior Member
 
Join Date: Dec 2007
Location: Kolkata
Posts: 1,220
Rep Power: 4163
Prudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond repute
Default

Quote:
Originally Posted by Paramita Bannerjee View Post
ICICI Bank becoming attractive at sub 1000 levels...last 2 days closing at 980 & 984...the last time it closed below 1000 was in early April...
Yes, but provided you have a 2 year+ horizon. For short term bounce backs smaller banks may be better.

Quote:
Originally Posted by Atiker View Post
How is it attractive?

PE is still above 30.

Can you please share why you think its attractive?

Quote:
Originally Posted by Alchemist View Post
According to moneycontrol.com, the PE is just 13.
Quote:
Originally Posted by $$Money$$ View Post
Even that is based on standalone numbers. Consolidated EPS for FY13 was around 83. Based on that PE is around 11.5.

These is a case for investing in private banks if they go lower. What do you feel Alchemist?
P/E is meaningless for Banks anyways, two ratios which are most relevant for Banks are Price/Book and Return on Assets.

ICICI with a P/B of 1.6 sure looks attractive.

https://www.edelweiss.in/company/ICI...sion/5418.html

Both ICICI and HDFC Bank is not only a play on their banking forays but consolidated book holding Bank+ Insurance(General +Life) + Mutual Fund AMC+ Securities.

However, asset quality is still a concern for ICICI or AXIS and hence they get priced in much lower than a HDFC.

For short term bounce back, IndusInd or Yes Bank can be better bets as they have corrected significantly.
Reply With Quote
  #126  
Old 20th July 2013, 11:19 PM
Member
 
Join Date: Jun 2009
Posts: 207
Rep Power: 1199
$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute$$Money$$ has a reputation beyond repute
Default

Yes you are right. But P/E is composed of P/B and ROE. So it is not totally meaningless.

Yes Bank has been talking about raising capital. If the price keeps falling it might make it difficult for it to do so. Need to look more into IndusInd.

Axis Bank which raised capital recently at 1500 may be better position and at lower levels asset quality concerns would be priced in. Already below 10 PE and also at P/B of 1.6.

But if Yes Bank falls significantly it might be a great buy with its superior growth and higher ROE.

Also banking being such a homogenous business, the best approach might be buy a basket of good private banks unless one becomes ridiculously undervalued due to temporary issues.
Reply With Quote
  #127  
Old 21st July 2013, 02:56 PM
Senior Member
 
Join Date: Dec 2007
Location: Kolkata
Posts: 1,220
Rep Power: 4163
Prudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond reputePrudent_Investor has a reputation beyond repute
Default

Quote:
Originally Posted by $$Money$$ View Post
Yes you are right. But P/E is composed of P/B and ROE. So it is not totally meaningless.
P/E being Market Cap/PAT,
P/B being Market Cap/Networth,
ROE being PAT/Networth

So in effect, P/B = P/E * ROE, so in effect focusing on P/B automatically takes into care the price as well as RoE.

Again RoE = RoA * Leverage. Hence, focusing on RoA helps us to eliminate comparatively higher leverage and focus on true returns.

Also apart from the theory part, Banks need to maintain higher capital adequacy ratios, thus the networth guides us to what extent the future profit growth is sustainable without diluting further equity.

For example: A bank quoting a very high P/B arising from a low P/E and very high RoE jacked up by extreme leverage is a dangerous bet and should be avoided.
Reply With Quote
  #128  
Old 22nd July 2013, 12:02 AM
arcus's Avatar
Regular Member
 
Join Date: Apr 2011
Posts: 312
Rep Power: 815
arcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond repute
Default

Technically, it's best to stay away from banks for a while. The Bank Nifty is sitting on a very important support level which has been holding for the past 3 days. Once it cracks, the Bank Nifty will enter an intermediate term downtrend.



Interestingly, ICICI's major support levels have been broken. Nevertheless, if the BN's support holds, it will put up ICICI from the free fall.
Reply With Quote
  #129  
Old 22nd July 2013, 08:20 AM
Senior Member
 
Join Date: Apr 2008
Posts: 1,003
Rep Power: 1286
paran has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond repute
Default

Quote:
Originally Posted by Prudent_Investor View Post

For short term bounce back, IndusInd or Yes Bank can be better bets as they have corrected significantly.
What do you think about HDFC (note: not HDFC Bank)? This also corrected from its 52 week high value.
Reply With Quote
  #130  
Old 24th July 2013, 09:54 AM
Administrator
 
Join Date: Sep 2006
Posts: 11,250
Rep Power: 7669
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by arcus View Post
Technically, it's best to stay away from banks for a while. The Bank Nifty is sitting on a very important support level which has been holding for the past 3 days. Once it cracks, the Bank Nifty will enter an intermediate term downtrend.
So has the support been broken?

What is your next target?
Reply With Quote
  #131  
Old 24th July 2013, 10:56 AM
arcus's Avatar
Regular Member
 
Join Date: Apr 2011
Posts: 312
Rep Power: 815
arcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond reputearcus has a reputation beyond repute
Default

Quote:
Originally Posted by Alchemist View Post
So has the support been broken?

What is your next target?
Yup. Let's see today's close though.

As it enters an intermediate term downtrend, I am not sure of the ultimate targets but the next immediate swing support should be around 9800 (technical support) -10,000 (psychological support).
Reply With Quote
  #132  
Old 25th July 2013, 12:06 AM
Senior Member
 
Join Date: Nov 2007
Posts: 1,793
Rep Power: 1068
man4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond reputeman4urheart has a reputation beyond repute
Default

Quote:
Originally Posted by Alchemist View Post
So has the support been broken?

What is your next target?
This question doesn't suits you? You are a chart guru. How come you are not checking your charts?
Reply With Quote
  #133  
Old 25th July 2013, 08:45 AM
Administrator
 
Join Date: Sep 2006
Posts: 11,250
Rep Power: 7669
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by man4urheart View Post
This question doesn't suits you? You are a chart guru. How come you are not checking your charts?
I am no guru and am often wrong, so getting a second opinion is always better.

Besides that Chartnexus has only 3 years of data and that makes taking medium and long term views a bit difficult, especially while trying to find long term supports for falling stocks and indices.
Reply With Quote
  #134  
Old 9th September 2014, 05:43 PM
muralisankars's Avatar
Regular Member
 
Join Date: Feb 2008
Location: Chennai
Posts: 368
Rep Power: 272
muralisankars has a reputation beyond reputemuralisankars has a reputation beyond reputemuralisankars has a reputation beyond reputemuralisankars has a reputation beyond reputemuralisankars has a reputation beyond reputemuralisankars has a reputation beyond reputemuralisankars has a reputation beyond reputemuralisankars has a reputation beyond reputemuralisankars has a reputation beyond reputemuralisankars has a reputation beyond reputemuralisankars has a reputation beyond repute
Default

Today ICICI Board looks like approved 5 for 1 stock split.
Reply With Quote
  #135  
Old 1st August 2016, 01:27 PM
Senior Member
 
Join Date: Jan 2008
Posts: 1,021
Rep Power: 2342
Atiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond reputeAtiker has a reputation beyond repute
Default

There is something fundamentally wrong in icici's dna.

It has consistently performed worse than hdfc, corporate should be smart enough to learn from what the winners are doing.

ICICI is not a family or an individual owned company. They don't have a dearth of money to hire the top talent.
Reply With Quote
  #136  
Old 31st March 2018, 07:11 PM
Senior Member
 
Join Date: Apr 2008
Posts: 1,003
Rep Power: 1286
paran has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond repute
Default

Past two to three days, there are lot of news about ICICI bank for wrong reasons.

Chanda Kochhar 'a huge beneficiary' of Videocon loan, says whistleblower

How do see the stock would react to this news. For sure negative but how low does it go?

Sadly, I have an exposure to ICICI bank stock .
Reply With Quote
  #137  
Old 1st April 2018, 05:43 PM
Administrator
 
Join Date: Sep 2006
Posts: 11,250
Rep Power: 7669
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by paran View Post
Past two to three days, there are lot of news about ICICI bank for wrong reasons.

Chanda Kochhar 'a huge beneficiary' of Videocon loan, says whistleblower

How do see the stock would react to this news. For sure negative but how low does it go?

Sadly, I have an exposure to ICICI bank stock .
The transactions are obviously very questionable.

I am not disappointed because one person at the top is involved, but because the entire top management of the bank is trying to defend that person.

I have no trust left in the top management of the bank.
Reply With Quote
  #138  
Old 1st April 2018, 06:26 PM
Administrator
 
Join Date: Sep 2006
Posts: 11,250
Rep Power: 7669
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

For those who are confused about the various transactions mentioned, let me highlight the most significant details.

Dhoot-owned company Supreme Energy invested Rs 64 crore in Deepak Kochhar's company.

Supreme energy was then transferred to Deepak Kochhar's trust (via Mahesh Chandra Punglia). This transfer valued Supreme Energy at a mere Rs 9 lakhs.

I still haven't looked at Supreme Energy's balance sheet, but I doubt a company that invested Rs 64 crore in Kochhar's company has equity value of a mere Rs 9 lac.
Reply With Quote
  #139  
Old 1st April 2018, 06:51 PM
Administrator
 
Join Date: Sep 2006
Posts: 11,250
Rep Power: 7669
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Incidentally, Rs 64 crore is roughly 2% of Rs 3250 crore - the loan in question. .
Reply With Quote
  #140  
Old 1st April 2018, 09:53 PM
Administrator
 
Join Date: Sep 2006
Posts: 11,250
Rep Power: 7669
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Whether or not Deepak Kochhar’s business relations with Dhoot helped facilitate ICICI Bank’s loan to Videocon only a detailed investigation can establish. What’s not in doubt is a clear conflict of interest and the bank’s seeming reluctance to get to the bottom of it. A knee-jerk press release in defence of Chanda Kochhar and talking assurances by the bank’s board do not make for an credible institutional response. In fact, it only undermines the bank’s leadership.
Matter of mistrust | The Indian Express
Reply With Quote
  #141  
Old 2nd April 2018, 01:03 AM
Administrator
 
Join Date: Sep 2006
Posts: 11,250
Rep Power: 7669
Alchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond reputeAlchemist has a reputation beyond repute
Default

Quote:
Originally Posted by paran View Post
How do see the stock would react to this news. For sure negative but how low does it go?
I don't see much damage immediately.

I am not sure about the medium term.

Banking is all about trust.

PSU banks will survive the current crisis, not because people trust these banks, but because people trust the promoter - the government.

That comfort doesn't exist for ICICI Bank, especially when the integrity of its core team is being questioned.
Reply With Quote
  #142  
Old 2nd April 2018, 12:14 PM
Senior Member
 
Join Date: Apr 2008
Posts: 1,003
Rep Power: 1286
paran has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond reputeparan has a reputation beyond repute
Default

Now (around 12:00pm) it is already down by ~6%.

I think more to come in the coming days.

Will wait and watch
Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
ICICI Bank - Going From Bad To Worse Alchemist Financial Services 5 26th July 2007 03:02 PM
ICICI Bank Says Home Loan Segment Slowing Alchemist Loans 2 17th March 2007 10:41 PM
ICICI Bank Hikes Lending, Deposit Rates Alchemist Loans 2 14th February 2007 05:05 PM
ICICI Bank Launches Remittance Card Alchemist Financial Services 0 8th February 2007 09:58 PM
ICICI Bank May Acquire Sangli Bank Alchemist Individual Stocks 1 11th December 2006 10:21 AM


All times are GMT +5.5. The time now is 11:59 PM.


Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
SEO by vBSEO 3.6.0
Ad Management plugin by RedTyger