IDBI Bank Intraday Buy Call

IDBI Bank Intraday Buy CallTechnical analyst Anil Singhvi has maintained 'buy' rating on IDBI Bank Limited stock with an intra-day target of Rs 155.

According to analyst, the investors can buy the stock with a stop loss of Rs 143.

The stock of the bank, on April 18, closed at Rs 1632.45 on the Bombay Stock Exchange (BSE).

Current EPS & P/E ratio stood at 14.75 and 10.12 respectively.

The share price has seen a 52-week high of Rs 202.75 and a low of Rs 108 on BSE.

IDBI Home Finance Ltd has got regulatory authorizations from the ministry of corporate affairs to combine with IDBI Bank.

IDBI Bank is the parent company of IDBI Home Finance.

The authorization has been allotted by department of corporate affairs in an order issued on April 08, 2011.

In a declaration, IHFL said, "The company, on April 13, 2011, has filed a copy of the said order with the Registrar of Companies (ROC), NCT of Delhi and Haryana and hence all the conditions. Of the Scheme of Amalgamation have now been complied with."

Accompanying the unification, the home loan section would once again be a division of IDBI Bank and would therefore aid to augment market share.