Vijaya Bank has target of Rs 88: Gaurang Shah

Vijaya Bank has target of Rs 88, says Gaurang Shah, Geojit BNP Paribas Financial Services.

Shah told CNBC-TV18, "Vijaya Bank closed at Rs 82. I am looking for a target of about Rs 88 and a stop loss of about Rs 79." The company's trailing 12-month (TTM) EPS was at Rs 13.85 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 5.94. The latest book value of the company is Rs 61.44 per share. At current value, the price-to-book value of the company was 1.34. The dividend yield of the company was 3.04%. Disclosure: I have no personal holding in the above stock.