Stock market analyst Sudarshan Sukhani, has maintained 'buy' rating on Syndicate Bank Ltd stock with short-term target of Rs 105.

According to analyst, the investors can buy the stock with stop loss of Rs 88.

Today, the stock opened at Rs 92 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 15.58 and 5.87 respectively.

The share price has seen a 52-week high of Rs 105.40 and a low of Rs 65.05 on BSE.

Syndicate Bank was established in the year 1925 under the name 'Canara Industrial and Banking Syndicate' in Udupi, Karnataka.

With seed capital of Rs 8000, the banking institution was established by 3 visionaries Sri Upendra Ananth Pai, a businessman, Sri Vaman Kudva, an engineer and Dr. T M A Pai, a medical doctor with an aim to offer up financial back up to the local weavers.

The bank's major activity is to provision of commercial banking and related activities. It works via a network of 2227 divisions.