Since August 2021, ICICI Bank stock has been trading nicely between Revenue/share multiple of 3, 3.5 and 4. That means it is trading at 3 to 3.5 times it's revenue per share. It is clearly visible using Revenue Grid Indicator applied on daily chart. As per that, this is a good time to buy for a long term view. We can wait for 21 Apr 2025 for it's next earnings results also :) Happy Trading :)
Note
These Ideas are supposed to be for long term. That is why they do not have a Stop loss or Target prices. This is related to discovering fair price of the stock.
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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.
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.