Allahabad Bank
ALBK

66.60

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

66.60

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

66.50

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 66.20

Last updated on 17-Jan-2017

We recommend ACCUMULATE on the stock as we expect a retail and MSME loans focus to aid growth in advances. Growing NII combined with improvement in asset quality is expected to result in an FY17E RoE of ~16%. The stock is currently trading at 0.3x FY17E P/ABV multiple. (Target - Rs.70.2)
Detailed View
50 DMA (.)
66.20
100 DMA (.)
72.59
200 DMA (.)
68.05
Weekly Range (.)
64.45
67.10
Monthly Range (.)
57.00
67.10
52 Weeks Range (.)
39.40
88.40
Detailed Chart