Technical analyst Anand Kuchelan of Fudiciary Euromax Capital Markets has maintained 'buy' rating on Allahabad Bank stock with a target of Rs 220-225.

The stock of the bank, on March 17, closed at Rs 135.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 219.70 and a low of Rs 128 on BSE.

Current EPS & P/E ratio stood at 12.01 and 11.26 respectively.

The administration will reportedly inculcate Rs 2.91 billion as equity capital into Allahabad Bank, as part of recapitalization packet to prop up equity capital.

The banking institution Allahabad Bank is likely to get Rs 2.91 billion by the way of preferential share.

Allahabad Bank has announced registration for Unique ID Number Aadhaar project of UIDAI.

Registration forms for UID of 100 clients of the banking institution were also obtained during the last week.