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Investors Business Daily
Investors Business Daily
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INVESTOR'S BUSINESS DAILY

ICICI Bank ADR Receives Composite Rating Upgrade

ICICI Bank ADR saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 91 the day before.

The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.

ICICI Bank ADR is currently forming a flat base, with a 32.14 entry. Look for the stock to break out in volume at least 40% higher than normal.

Looking For Winning Stocks? How To Invest In Both Bull And Bear Markets

The stock earns a 95 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 95% of all stocks.

Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.

In Q3, the company reported 14% earnings growth. Revenue growth came in at 22%, down from 26% in the previous quarter.

ICICI Bank ADR holds the No. 3 rank among its peers in the Banks-Foreign industry group. Banco Santander-Chile ADR is the top-ranked stock within the group.

This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.

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