Stock market analyst Sanjay Surekha has maintained 'buy' rating on Dhanalakshmi Bank Limited stock with target of Rs 200.

According to Mr. Singh, the investors can sell the stock with stop loss of Rs 138.

Today, the stock opened at Rs 840 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 1009.50 and a low of Rs 621.90 on BSE.

Current EPS & P/E ratio stood at 36.10 and 23.25 respectively.

Dhanalaxmi Bank has announced to lift up Rs 350-400 crore via a qualified institutional placement (QIP) to support loan growth in the existing fiscal.

The bank's board sanctions the issue of around 2.1 million shares to IIs by Sep 2010 to boost the tier I capital base.

Private-sector lender is eyeing loans to increase 70% in the existing year.

Currently, the bank's loan book stands at Rs 5,000 crore.

Dhanalakshmi Bank Ltd declared that its directors at its meeting held on May 11, announced a final dividend of 10% i. e. Re. 1/- per share on the face value of the Rs. 10/- each subject to the sanction of RBI.