ICICI Bank

CMP: 1200

ICICI Bank Limited operates a network of bank's located throughout India. The Group specializes in retail and corporate banking, in addition to Forex and treasury operations. ICICI Bank also provides a wide variety of investment banking, insurance and financial services to its clients.

ICICI Bank currently trades at a P/E of less than 19 with dividend yields of well over 1% in the last 12 months. Revenues have risen from 30,778 Crores to 33,542 Crores in the last 5 years. Profits have risen from 4,157 Crores to 6,465 Crores in the last 5 years on better margins. Profit margins have surged from less than 14% to over 19% in the last 5 years. Recent quarter results have shown good growth and its a safe buy and hold stock for the next 2 years.