Technical analyst Sudhanshu Pandey of FRR Shares and Securities has maintained 'buy' rating on IDBI Bank Ltd stock with a short-term target of Rs 178.

According to analyst, the investors can buy the stock with a stop loss of Rs 155.

Mr. Pandey said that the stock will attain the said target within a period of 2 weeks.

Today, the stock of the company opened at Rs 164 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 202.25 and a low of Rs 108 on BSE.

Current EPS & P/E ratio stood at 13.06 and 12.79 respectively.

IDBI Bank announced that it would lift up $1 billion via overseas bonds within next one year.

The Public sector lender had an objective to lift $1.5 billion and thus far has lifted around $500 million.

R M Malla, CMD of IDBI Ba-nk, "We plan to raise $1 billion through bonds overseas by October 2011. The money would be raised in three-four tranches in next 12 months. The first tran-che of about $ 250-300 million could happen in January with a tenure of three-five years to meet credit gr-owth to fund expansion pl-ans of India Inc."

IDBI Bank will be seeking refinance worth Rs 2000 crore by Small Industries Development Bank of India (SIDBI) by March next year (2011).

The bank registered an increase of 69.11% in its net profit, which stood at Rs 4,291 million as against Rs 2,537.40 million in the corresponding quarter previous year.