Intraday Buy Call For IDBI Bank

Intraday Buy Call For IDBI BankTechnical Analyst Simi Bhaumik has maintained 'buy' rating on IDBI Bank Limited stock with an intra-day target of Rs 156.

Mr. Bhaumik said that the stock can be purchased with a stop loss of Rs 145.

The stock of the bank, on April 04, closed at Rs 148.90 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 14.75 and 10.11 respectively.

IDBI Bank Limited has made announcement about the introduction of the Cash at POS facility at the Reliance Trendz store located at Bandra in Mumbai.

The banking institution is among the first few banks to roll out this facility.

In addition, the bank announced that it plans to lift up its lending to mid-size firms by 15-20% on an annual basis in the medium term to capture higher biz share and back up bottom line.

At the end of December last year, the banking institutions exceptional loan portfolio for the mid-size section remained at Rs 30,000 crore.