NIC ASIA Bank was established in 1998 as NIC Bank and was renamed after merging with Bank of Asia Nepal in 2013. It has been recognized twice as the "Bank of the Year" in Nepal. NIC ASIA operates 104 branches across Nepal and has a market capitalization of over 30 billion Nepali rupees. The document provides an overview of NIC ASIA Bank and performs various technical analyses on its stock price trends, indicators, support and resistance levels, and recommends a buy point above 480 rupees per share with a target price of 580 rupees and stop-loss below 425 rupees based on the indicator-based analysis.
3. Introduction:
NIC ASIA Bank has its antecedents in NIC Bank which was
established on 21st July 1998. The Bank was rechristened as
NIC ASIA Bank after the merger of NIC Bank with Bank of
Asia Nepal on 30th June 2013.
NIC ASIA was recognized as ”Bank of the Year 2013-
Nepal” by The Banker, Financial Times, UK. This is the
second time that the Bank was recognized with this
prestigious award, the previous occasion being in 2007.
The Bank has 104 branches and 70 ATMs across Nepal with
a network covering all major financial centers of the
country.
Prepared By: Shreebas Shrestha
4. General Information on NICA
Name and Symbol: NIC Asia Bank Ltd.(NICA)
Registered Office: Trade Tower, Thapathali
Website: http://www.nicasiabank.com
Total Listed Shares: 66,925,974.00
Paid Up Value (Rs.)100
Total Paid Up Value (Rs.)6,692,597,400.00
Closing Market Price (Rs.)453.00 (on 6th June 2017)
Market Capitalization (Rs.)30,317,466,222.00
Prepared By: Shreebas Shrestha
19. Summary of NICA
Current Market Price (CMP)- Rs.450 (2017-06-08 Thurs)
Buy or Sell Point-Above Rs.480
Target-Rs 580
Stop-loss-Below 425
Note-Wait and watch as indicator based
Prepared By: Shreebas Shrestha