ICICI FPO...just don't jump blindly!

We believe that correction is due in ICICI since long. In current brouhaha of FPO, it has got delayed a bit longer. And hence now shortly after getting listed it would be fair to say that a correction is anticipated. For the retailers and small investor, we suggest buy it post the announcement of the pricing for the issue. As we believe that once the issue comes if you look at the internals of ICICI it will be more prudent to buy after the issue because we believe there could be some short-term correction in the price of ICICI Bank, and it could be a steep one as well.

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