Buy Vijaya Bank With Stop Loss Of Rs 87

Buy Vijaya Bank With Stop Loss Of Rs 87Technical analyst Ashwani Gujral has maintained 'buy' rating on Vijaya Bank Limited stock with a target of Rs 103.

The analyst said that the stock can be purchased with a stop loss of Rs 87.

The stock of the company, on April 20, closed at Rs 92.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 115.35 and a low of Rs 48.45 on BSE.

Current EPS & P/E ratio stood at 13.85 and 6.69 respectively.

The bank's directors will assemble on April 28, 2011, to consider the audited financial outcomes for the twelve month period ended March 2011.

The directors will also announce dividend, if any, on the shares of the banking institution for the fiscal year 2010-11.

HS Upendra Kamath, on April 01, took charge as the bank's CMD.

Before taking charge, Mr. Upendra was Executive Director in Canara Bank.

He has been a specialized banker for more than 37 years.

He commenced his banking job in Union Bank of India, where he worked in a range of capacities across India.

The bank has done outstandingly well on the stock markets during the last year. The bank's financial recital during the last 4 quarters has been constantly good, as reflected in the share price.