Icicibank Fundamental and Technical Analysis
ReporT ON Fundamental and technical analysis of icici bank
Valuation-ICICI BANK
Snapshot of ICICI Bank
Market Capitalization: 101416 crores
Free Float Factor : 1.0
52 week low : 641(NSE)
52 week High : 998.80(NSE)
Performance of ICICI stock versus NSE
Fundamental Analysis
Macroeconomic Analysis
Economic Indicators: 1. GDP Growth 2. Inflation 3. Liquidity 4. Interest Rate 5. SLR and CRR 6. Dollar Exchange Rate and Dollar Index
GDP Growth:
The GDP growth has slowed down over the past half year with Q4 FY2012 and Q1 FY2013 reported to be 5.3% and 5.5% respectively which is lowest in 9 years. The GDP growth for the fiscal 2011/12 stood at 6.8% which is far cry from the GDP growth of 8% India had been experiencing over the most part of past decade. This indicates a general slowdown of Indian economy.
Forecast:
The GDP growth rate is expected to improve over the next few quarters with expected expansionary monetary measures expected to fuel the growth.
Inflation:
Inflation has persistently remained high over the past few years. During 2010 and much of 2011 the impact was curtailed by high GDP growth but with the economy slowly and gradually cooling the high inflation has been deterring any monetary measure from the Central Bank.
The Inflation has come down quite significantly this year and has been hovering around 6.7-7.5% (WPI inflation) for the past 5-6 months which is still above the comfort zone of RBI as the low GDP growth is inhibiting any rate cuts though RBI cut the policy rates by 50 bps (the first time RBI has cut rates in 3 years) to provide impetus to the slow industrial and economic growth.
Forecast:
The inflation is expected to cool down from the current levels in coming months prompting monetary measures.
Liquidity:
Liquidity has huge impact on economic growth as low liquidity in the market would imply lower lending and high rate of borrowing thereby there by
Valuation-ICICI BANK
Snapshot of ICICI Bank
Market Capitalization: 101416 crores
Free Float Factor : 1.0
52 week low : 641(NSE)
52 week High : 998.80(NSE)
Performance of ICICI stock versus NSE
Fundamental Analysis
Macroeconomic Analysis
Economic Indicators: 1. GDP Growth 2. Inflation 3. Liquidity 4. Interest Rate 5. SLR and CRR 6. Dollar Exchange Rate and Dollar Index
GDP Growth:
The GDP growth has slowed down over the past half year with Q4 FY2012 and Q1 FY2013 reported to be 5.3% and 5.5% respectively which is lowest in 9 years. The GDP growth for the fiscal 2011/12 stood at 6.8% which is far cry from the GDP growth of 8% India had been experiencing over the most part of past decade. This indicates a general slowdown of Indian economy.
Forecast:
The GDP growth rate is expected to improve over the next few quarters with expected expansionary monetary measures expected to fuel the growth.
Inflation:
Inflation has persistently remained high over the past few years. During 2010 and much of 2011 the impact was curtailed by high GDP growth but with the economy slowly and gradually cooling the high inflation has been deterring any monetary measure from the Central Bank.
The Inflation has come down quite significantly this year and has been hovering around 6.7-7.5% (WPI inflation) for the past 5-6 months which is still above the comfort zone of RBI as the low GDP growth is inhibiting any rate cuts though RBI cut the policy rates by 50 bps (the first time RBI has cut rates in 3 years) to provide impetus to the slow industrial and economic growth.
Forecast:
The inflation is expected to cool down from the current levels in coming months prompting monetary measures.
Liquidity:
Liquidity has huge impact on economic growth as low liquidity in the market would imply lower lending and high rate of borrowing thereby there by