Technical analyst Nishant Jain of Tradeswift Broking has maintained 'buy' rating on Vijaya Bank Limited with a target of Rs 105.

According to analyst, the investors can buy the stock with a stop loss of Rs 96.

Mr. Jain said that the said target can be achieved in 1-2 trading sessions.

The stock of the bank, on December 22, closed at Rs 98.95 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 115.35 and a low of Rs 46.25 on BSE.

Current EPS & P/E ratio stood at 13.22 and 7.56 respectively.

As per reports, Vijaya Bank will now act as a registrar for the UID project as the banking institution has inked a MoU with Unique Identification Authority of India (UIDAI), which was established by the Centre for providing unique identity numbers.

For the three month period ended September 30, the bank registered an increase of 33.10% in its standalone net profit, which stood at Rs 1443.10 million as compared to Rs 1084.20 million during the corresponding period of 2009.

The bank's total income grew by 4.34% to Rs 15,209.20 million for July-September quarter ended September 30 as against Rs 14,576 million during the same period of previous year.