I wanted this stock in my very long term portfolio.

But never saw my target price of 2000 to get this shares.

Now there have been sudden development hence now asking this question.

FIrst is dividend which is not significant as its not even 1% of stock value 16Rs per share but most important is the board have decided to split the share so that retail participation increases.

The share will be split into 5 shares ,so suppose if on day before split share is trading at 2800 next day it will start trading at rupees 560.

Now that will be a good level to enter the stock no doubt,but here lie my doubt.I have a feeling once this happens all market analyst will start jumping to buy the stock and will say its available at cheaper valuations than icici bank.And from that day onwards only i feel the stock will go upto 750-800 levels and might settle there.Meaning 20-30% return from 560 levels.

SO will it be wise to invest now or i should still way for split?This stock wont be sold soon or something serious comes up in life untill.

WHat do you guys think and suggest.

Note::i have taken 2800 levels though the share is trading somewhere between 2250 and 2400.

Split does not alter the valuation of the stock, it merely reduces the ticket size for purchase.

The stock is already quoting at a premium with a price to book of 4 times FY12.

This is the best bank stock on most parameters and you should look for dips to buy, split or not.

Now whether it will go to 2800 or 3600 or even 2000 nobody can predict, so buy in small lots on all corrections.

Thanks i was about to get my share.But dont know why i further reduce buy price from 2330 to 2310 and it tested 2330 levels.I hope it touches this level tomorrow.

What is the near term target of this stock? I purchased this at 460.92.