Five Financial Stocks Under $10 Poised To Explode

4. ICICI Bank Ltd (ADR) (NYSE:IBN)

Investors with Long Positions (as of June 30): 29

Aggregate Value of Investors’ Holdings (as of June 30): $522.29 Million

ICICI Bank Ltd (ADR) (NYSE:IBN)’s stock dropped by a little over 2% during the June quarter, and hedge funds were bearish towards the company during that time. After slumping even more in the third quarter, the stock is now down by about 25% so far this year. However, the Indian bank recently received an upgrade by both Goldman Sachs and Standpoint Research to a ‘Buy’ rating. Ken Fisher‘s Fisher Asset Management hiked its stake in ICICI Bank Ltd (ADR) (NYSE:IBN) to 10.26 million shares valued at $106.87 million during the April-June quarter.

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