Stock market analyst Nishant Jain of Tradeswift Broking has maintained 'buy' rating on City Union Bank Ltd stock a target of Rs 54.

According to analyst, the interested investors can buy the stock with strict stop loss of Rs 47.

Mr. Jain said that the investors can achieve the said target in a period of 1-2 days.

The stock of the company, on Nov 15, closed at Rs 49.95 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 4.52 and 11.14 respectively.

The share price has seen a 52-week high of Rs 52.40 and a low of Rs 24 on BSE.

Private lender City Union Bank has decided to lift around Rs 2,000 crore from the capital market by the next five years (2015).

The said amount will be raised either via the QIP route or a rights issue.

City Union Bank has recorded net profit of Rs 61.6 crore for the three month period ended September 2010 as against Rs 45.7 crore during the same period of last year.

The bank's net interest income for the period was Rs 104 crore.

The company's trailing 12-month (TTM) earning per share (EPS) stood at Rs 4.14 a share (June, 2010).

The company's newest book value stood at Rs 20.64 a share.