Allahabad Bank
ALBK

71.85

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

71.60

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

71.90

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
Detailed Quote

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Accumulate
Reco. Price
Rs 69.40
We recommend ACCUMULATE on the stock as we expect focus on retail and MSME loans will aid growth in advances. The bank’s 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 Price- Rs.75.6)
Detailed View
50 DMA (.)
69.64
100 DMA (.)
68.39
200 DMA (.)
71.49
Weekly Range (.)
68.90
72.70
Monthly Range (.)
67.30
74.70
52 Weeks Range (.)
49.10
88.40
Detailed Chart