According to technical analysts, traders can buy Centurion Bank of Punjab above Rs.52 with strict stop loss of Rs.42 for target of 64-90. This is delivery based call given by Stock market expert Hitendra Vasudeo of Stockmechanics.com.

Centurion Bank of Punjab is a new generation private sector bank that was formed by the merger of Centurion Bank and Bank of Punjab. The Bank has a well-managed and growing retail assets business, including leadership positions in two-wheeler loans and commercial vehicle loans. The bank has recently announced merger with Lord Krishna Bank. The combined entity has a strong capital and customer base.

The bank has been among the earliest banks to offer a technology-enabled customer interface that provides easy access and superior customer services. The Bank operates through 394 branch offices across 180 locations, 47 asset finance division offices 77 administrative offices and 408 ATM's which provides pleasing services to its cutomers.

On the National Stock Exchange, the stock has touched 52-week high of Rs.56.75 and a low of 21.15.

The stock is trading at a P/E of Rs.80.72 with earning per share of Rs.0.69. The stock is good for short term investments.