Stock market analyst Ashwani Gujral has maintained 'sell' rating on Allahabad Bank stock with a target of Rs 215.

According to analyst, the interested investors can sell the stock with strict stop loss of Rs 232.

Mr. Gujral said that the stock will go down in the coming days, so it's better to sell the stock in today's session.

Today, the stock of the company opened at Rs 228.10 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 236.90 and a low of Rs 108.50 on BSE.

Current EPS & P/E ratio stood at 31.04 and 7.32 respectively.

Allahabad Bank might lift up around Rs 1,000 crore in the existing fiscal, if the credit offtake lifts up further.

The bank has headroom to lift around Rs 2,600 crore.

The banking institution is eyeing 27% growth in credit during July-September period of 2010-11 on account of heavy demand for loans.

Moreover, the bank is all set to launch 60 more divisions by the next two months to strengthen its presence.

The banking institution also plans to establish 180 ATMs by the next six months.