Corporation Bank
CORPBANK

46.80

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46.95

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Accumulate
Reco. Price
Rs 46.50
We recommend an ACCUMULATE on the stock based on return to profitability through loan book expansion and healthy NIM’s. Focus on stressed asset reconciliation is also expected to improve prospects. The stock is currently trading at attractive BVPS of ~0.5x on FY18E estimates. (Target Price - Rs.50.4)
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50 DMA (.)
46.31
100 DMA (.)
44.87
200 DMA (.)
43.24
Weekly Range (.)
46.70
49.20
Monthly Range (.)
46.00
49.30
52 Weeks Range (.)
33.10
56.05
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