Lakshmi Vilas Bank Ltd
LAKSHVILAS

153.85

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Turnover (lac)
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153.80

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Turnover (lac)
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Accumulate
Reco. Price
Rs 145.00
We recommend ACCUMULATE on account of expansion plans and new management team. It will be supported by capital raising plans of Rs ~Rs 500cr and strengthening of Tier 1 capital. The stock trades at ~1.5x FY17E P/BV multiple. (Target: Rs.153)
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50 DMA (.)
142.54
100 DMA (.)
146.29
200 DMA (.)
131.65
Weekly Range (.)
145.00
155.30
Monthly Range (.)
137.10
157.50
52 Weeks Range (.)
75.05
165.80
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