Stock market analyst Hitesh Chotalia has maintained 'buy' rating on Dhanlakshmi Bank stock with short term target of Rs 195.

According to analyst, the investors can buy the stock with stop loss of Rs 174.

Today, the stock opened at Rs 180.20 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 3.65 and 48.96 respectively.

The share price has seen a 52-week high of Rs 193.70 and a low of Rs 105 on BSE.

Recently, Dhanlaxmi Bank has lifted Rs 380 crore through its QIP at Rs 181.30 a share.

The bank stated that the funds will be utilized to fulfill the needs of its FY11 balance sheet.

Dhanlaxmi Bank is eyeing 60% expansion in business to Rs 20,000 crore during the existing financial year (FY11).

It anticipates advancements of Rs 9,000 crore and deposits of Rs 12,000 crore during the subsisting fiscal.

He said that the bank is considering 16% return of equity by the year of 2013.

Dhanlaxmi Bank eyes advancements to stand at Rs 9000 crore by the end of 2010-11.

Mr. Chaturvedi also stated he eyes the bank's net interest margin to be over 3% during the current financial year from 2.5% last year.