Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "One can simply make Allahabad Bank into a long-term investment. That is almost sure. One should be patient in it."
The share touched its 52-week high Rs 190.80 and 52-week low Rs 86.50 on 18 January, 2013 and 28 June, 2013, respectively. Currently, it is trading 50.94 percent below its 52-week high and 8.21 percent above its 52-week low. Market capitalisation stands at Rs 4,680.25 crore.