Stock market analyst Nitin Murarka is of the view that investors can buy IDBI Bank stock to achieve a target of Rs 130 in 1-2 trading sessions.

According to him, the investors will buy the stock with a strict stop loss of Rs 117.

The stock of the company, on April 21, closed at Rs 121.45 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 140 and a low of Rs 59.10 on BSE.

Current EPS & P/E ratio of the stock stood at 14.16 & 8.62 respectively.

IDBI Bank Ltd has declared that a conference of its Directors will take place on April 30, 2010, to consider the audited yearly financial results for the year ended on March 31, 2010.

The board will also consider recommendation of dividend for financial year 2009-10, if any.

IDBI Bank, on April 05, said it entered into a deal with Venture Infotek in order to roll out its internet payment gateway services.

On March 26, IDBI Bank`s wholly-owned arm, IDBI Asset Management (IDBI AMC), got license to start MF operations from SEBI. The AMC plans to roll out its products across the equity and fixed income group, shortly.

IDBI Bank has already an established existence through its wholly-owned divisions in businesses such as IDBI Capital Market Services, IDBI Homefinance, IDBI Gilts and IDBI Intech.