Stock market analyst Mitesh Thacker is of the view that investors can buy Vijaya Bank stock to achieve an intraday target of Rs 56.

According to Thacker, investors can purchase the stock with a strict stop loss of Rs 50.

The shares of the bank, on April 22, closed at Rs 51.15 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 58.75 and a low of Rs 26.15 on BSE.

Current EPS & P/E ratio stood at 11.04 and 4.76 respectively.

Vijaya Bank has declared that a meeting of the bank's directors will take place on April 30, 2010, inter alia, to consider the audited financial outcomes of the banking institution, for the twelve month period ended March 31, 2010 and to announce dividend, if any, on the shares for the fiscal 2009-2010.

Vijaya Bank on April 06 lifted around Rs 3 billion through Certificates of Deposit (CD).

The bank sold notes yielding 5.30% and maturing on Oct 5, 2010.

Vijaya Bank, a medium sized banking institution having presence across the country, was established on 23 October 1931 by the late Shri A. B. Shetty and other enterprising farmers in Mangalore, Karnataka. Vijaya Bank turned a scheduled banking institution in the year 1958.