Technical analyst Hardik Jain has maintained 'buy' rating on IDBI Bank Limited stock with a target of Rs 180.

According to analyst, the stock can be purchased with a stop loss of Rs 170.

The stock of the company, on Dec 02, closed at Rs 171.55 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 12.83 respectively.

Considering the policy rate increase by the central bank (RBI), inflation and liquidity situation, IDBI Bank has decided to raise the retail term deposit rates by 10 - 50 BPS under a range of maturity buckets.

With this review, the maximum interest on retail term deposits stood at 8.25 %.

IDBI Bank has decided to lift up $1 billion via abroad bonds by October 2011.

IDBI Bank's chairman and managing director R. M. Malla stated that the funds would be lifted in three-four portions by the next 12-months and is the part of its programs to acquire $1.5 billion to meet up its capex nd credit requirements of businesses.

Earlier, it had lifted up around $500 million.