Technical analyst Anil Singhvi has maintained 'buy' rating on IDBI Bank Limited stock with an intraday target of Rs 165

The analyst said that the stock can be purchased with a stop loss of Rs 153.

The stock of the bank, on December 15, closed at Rs 155.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 202.25 and a low of Rs 108 on BSE.

Current EPS & P/E ratio stood at 13.06 and 12.16 respectively.

IDBI Bank has announced an increase in both its lending plus fixed depository rates.

The banking institution has lifted up depository rates in the range of 25 to 100 bps across various maturities.

Also base rate has been increased by 50 bps estimating to 9% while BPLR remained at 13.75%, a growth of 25 bps.

On Dec 10, Public sector lender bagged a $100 million export credit agency line of credit from Germany's DZ Bank .

"The USD 100-million fund, raised through the bank's Dubai International Finance Centre branch on December 6, can be used to fund project imports from 24 Western European nations," bank's executive director and head of international banking Melwyn Rego stated.