Stock analyst Ashwani Gujral is of the view that investors should buy Indian Bank stock around Rs 165 to achieve short term target of Rs 240.

The outlook appears positive, and presently (10:45 am), the stock is hovering near Rs 182. Keep a stop loss of Rs 156. Yesterday, the stock performed well, and closed positively on the BSE.

Mr. Gujral has suggested this stock after analyzing its brilliancy in the last few months. So don’t miss the chance and make huge profit form this stock.

Indian Bank plans to open four more micro-credit branches in Bhubaneswar, New Delhi, Pune, and Bangalore, reports Business Standard.

The bank currently has eight exclusive micro-credit branches. The micro-credit branches provide credit to self-help groups (SHGs).

Indian Bank has provided 6,982 groups with a credit of Rs 564.2 million through its micro-credit branches.

These branches also provide non-credit services like training, counseling and marketing besides catering to the credit needs of the urban poor.