Icici Bank - a hidden Indian Gem
As India is one of the fastest growing economies this stocks potential is very high, in the last 30 years India's economic growth has only declined in 1 of those years (COVID year) in the last 10, growth has almost doubled. With a rising economy and very strong fundamentals this seems a wise investment to hold long-term. I am looking to enter a position at the gap down around $21.41 as short-term it is in a bull flag that has potential to break out around the $26 mark. FY22 it had a profit margin of 21.58% and Debt to Assets of 9.97% respectively (17.5 Trillion in Assets) and EPS of 37.94 ending FY22 compared to 7.04 ending FY19 a sizable increase to say the least. A very strong stock in a booming Indian economy, could be a safe haven as US market has been very unpredictable IMO.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.