Technical analyst Simi Bhaumik has maintained 'hold' rating on Ranbaxy Laboratories Limited stock with a short term target of Rs 123-125.

According to analyst, the investors can buy the stock with a stop loss of Rs 100.

The stock of the bank, on May 04, closed at Rs 108.20 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 13.97 and 7.79 respectively.

The share price has seen a 52-week high of Rs 207.16 and a low of Rs 99.50 on BSE.

Karnataka Bank Ltd inked a JV deal with Way2Wealth Brokers Private Ltd to introduce a trading facility on the web.

Way2Wealth Online trading program will now be accessible to the account holders of the banking institution.

It will permit the bank clients to trade from any Internet-facilitated site.

Mr. P Jayarama Bhat, Managing Director and Chief Executive Officer, Karnataka Bank stated that Way2Wealth will also offer up the bank's clients' access to explore, specialist advice, investment research and technical analysis that will permit them to make investment verdicts.

In addition, a conference of the bank's directors will take place on May 23, 2011, to consider the audited financial outcomes for the fiscal ended March 31, 2011 and also to announce dividend, if any.