Stock market analyst Hitesh Chotalia has maintained 'buy' rating on Lakshmi Vilas Bank Limited stock with a target of Rs 140.

The stock can be bought with stop loss of Rs 125.

Today, the stock of the company opened at Rs 129.80 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 142.80 and a low of Rs 71.30 on BSE.

For the three month period ended September 2010, the bank's total Income grew by 18.92% to Rs 2959.5 million as against Rs 2488.6 million in the corresponding period of year 2009-10.

Lakshmi Vilas Bank (LVB) recorded an increase of 81.60%in its operating profit, which stood at Rs 725.5 million over the corresponding period of previous year.

The bank's net profit registered a growth of 12.18% at Rs 246.8 million for the second quarter as compared to Rs 220 million in the second quarter of last year.

Bank's total income during the second quarter grew by 18.92% to Rs 2959.5 million as against Rs 2488.6 million in the corresponding period of year 2009-10.

The total interest income of the bank surged 14.82% to Rs 2557.9 million from Rs 2227.7 million.

Bank's CASA balances increased 34.80% to Rs 18803 million as compared to Rs 13948.1 million.