Technical Analyst Anand Kuchelan of Fudiciary Euromax Capital Markets has maintained 'buy' rating on IDBI Bank Limited stock with a target of Rs 145.

The stock of the company, on March 17, closed at Rs 136 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 202.25 and a low of Rs 108 on BSE.

Current EPS & P/E ratio stood at 14.75 and 9.13 respectively.

IDBI Bank is lending its key concentration on the north eastern front of the country. Aside from making investment in the infrastructure segment, public sector lender is also looking at the MSME segment.

"We will be too keen to finance all viable projects coming up in this region. I see huge potential not only of infrastructure, but also of micro and small enterprises in North-East,".

IDBI Bank has entered into a MoU in this regard with SIDBI about provision of funding to MSME division.

According to MoUA, loan part would be watched out by SIDBI whereas working capital financing would be catered to by IDBI.

Moreover, IDBI Bank has decided to lift up Rs 10 billion via 15-year upper tier-II bonds at 9.40%.