Stock market analyst Rajesh Satpute has maintained 'buy' rating on IDBI Bank Ltd stock with targets of Rs 135 and 145.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 115.

The stock of the company, on August 31, marked its closure at Rs 121.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 140 and a low of Rs 101.45 on BSE.

Current EPS & P/E ratio stood at 15.32 and 8.04 respectively.

According to recent reports, state-owned IDBI Bank has been announced as the best public sector banking institution and bagged an award for the same from global business information provider Dun and Bradstreet.

IDBO won this honor for financing small and medium-sized enterprises.

The bank has decided to roll out 280 news divisions across India by the next 12 months.

The reports said that the opening of new branches would help bank lift up its retail biz.

At present, IDBI runs approximately 726 divisons and 1,210 ATMs.

As of June this year, the balance sheet size of IDBI was Rs 2,24,657 crore.

Besides, the bank proposed to borrow a sum of $200 million with the aim to meet up growing demand from branches out of the country.