SELL SELL
ICICI Bank Ltd:
CNBC estimates Q4 NP to be 3115 crores. However we estimate ACTUAL NP to be Less than 750 crores(Yes Seven Hundred Fifty Crores).
In Q4 higher forex gain.
Gross NPA can cross 5.80%(26000+ cr) as against 3.78% in previous year.
Net NPA can touch 3%( roughly 13000 cr) as against 1.61% in previous year.
Higher Income from sale of Investments also
Stock may plunge to 210-215 early next week
Our estimates likely to be accurate ( as in Maruti, Axis, Exide, Idea, GNFC etc)
ICICI Bank Ltd:
CNBC estimates Q4 NP to be 3115 crores. However we estimate ACTUAL NP to be Less than 750 crores(Yes Seven Hundred Fifty Crores).
In Q4 higher forex gain.
Gross NPA can cross 5.80%(26000+ cr) as against 3.78% in previous year.
Net NPA can touch 3%( roughly 13000 cr) as against 1.61% in previous year.
Higher Income from sale of Investments also
Stock may plunge to 210-215 early next week
Our estimates likely to be accurate ( as in Maruti, Axis, Exide, Idea, GNFC etc)
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