Technical Analyst Parsh Zaveri of Zaveri Investments has maintained 'buy' rating on Syndicate Bank stock with a target of Rs 130.

Mr. Bansal said that the stock can be purchased with a stop loss of Rs 115.

The stock of the bank, on March 28, closed at Rs 119.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 164.20 and a low of Rs 84.10 on BSE.

Current EPS & P/E ratio stood at 17.76 and 6.77 respectively.

Public sector lender, Syndicate Bank has established special division aiming only financial inclusion at Padesur Village in Hubli's Dharwad region.

With this, Syndicate Bank has raised its division count in Hubli region to 8.

Mr. Srikanth B Kulagod, AGM at Syndicate Bank, Hubli Regional Office stated that the banking institution is "Small Men's Big Bank" and concentrates intensely on up-liftment of the poorer segments via several of its loan plans.

Mr. Kulagod stated that the special financial inclusion division has been established to help the rustic people in banking facilities.

Moreover, the bank has also launched another of its financial inclusion branch at Adavisomapur village in Gadag region.

For the three month period ended December 31, 2010, Syndicate Bank has recorded a sturdy increase of 24.52% in its net profit, which remained at Rs 2,561.90 million as compared to Rs 2,057.30 million during the corresponding period of 2009.