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This is an archive article published on January 17, 2000

Future valuation

The ICICI share has shot up from below Rs 100 to Rs 130. Reason: a huge advertisement announcing its plans to start internet trading and w...

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The ICICI share has shot up from below Rs 100 to Rs 130. Reason: a huge advertisement announcing its plans to start internet trading and web-based businesses. But investors may not have read the fine print. ICICI is only making an announcement nothing starts until February-end. ICICI is not busy getting its software and infrastructure in place. Then why make an announcement?. To get the valuation silly. At Rs 130, the price is still over Rs 100 short of what its CEO believes is the correct evaluation of the scrip.

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