ICICI Bank FPO - Apply

Apply for ICICI Bank FPO - ICBK.BO with 3 years horizon.

I was also one of the many investors who missed the Rs . 500 bus for ICICI Bank FPO.
With reasons like separation of insurance business, being flagship private sector bank of India, huge growth in SME business, massive expansion in international business, FII favorite and sound management, I am applying for this current FPO. Arguments against can be secondary equity market can offer you at cheaper price etc. but frankly I am not able to "catch" such a low entry points. Plus I am recommending apply to people who will have 3 years horizon, hence no point in catching tiny downside of Rs. 30-40.
Read BL view here

India Equity Buys - Recommendation

1 small-cap stocks look good at current levels
1) Adhunik Metaliks ADME.BO Friday 15 June 2007 close INR 50.60
Buy with < 1 year target price of INR 75.00 (50% upside)

One bit old report by ICICIDirect http://www.icicidirect.com/mailimages/Adhunik_Metaliks__Q4FY07.pdf