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Buy Allahabad Bank, target of Rs 105: Maximus Securities

Posted on: June 19th 2009 in Brokerage Recommendations.

Maximus Securities has recommended a buy rating on Allahabad Bank, with price target of Rs 105, in its report dated June 18, 2009. “At the current price of Rs 75.50 the scrip discounts its estimated EPS of FY10 by 3.08x. The scrip is currently trading at a PE ratio of 4.39x and P/B…

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