ICICI bank has seen a number of rises and falls and latest one was ICICI Fraud which led to its downfall. However since than the stock has recovered a lot.

However if one goes by the reports of Citi and Credit Suisse; than one will find that ICICI Bank has got a contradictory rating from these agencies.

Citi is positive on the stock and has given a medium-term target price of Rs 830 for this Indian stock and similarily Credit Suisse has given a negative rating for the stock and has stated it as an underperformer with a target of Rs 538.

Thus due to contradictory ratings one has to be careful while investing in this stock and thus it is better that one invests in other quality banks like Axis bank or Bank of India etc and this is warranted only if one one wants to add banking as a sector to portfolio.
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