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Corporation Bank – Call Closure
India Infoline Research Team / 16:34 , Aug 23, 2010

Reco price Rs555, Call closure price Rs640

We had recommended a buy on Corporation Bank in a detailed report dated 21st July, 2010 with a target price of Rs648. The stock has hit a high of Rs650 and is currently trading near Rs640 levels. The total return delivered since recommendation stands at 16.7%, higher than 10.6% delivered by the Bankex. We recommend investors to book profit as we see limited near-term upside in the stock.