Monday, 17 November 2008

Buy Syndicate Bank, target of Rs 71: Karvy

Karvy Stock Broking has maintained its buy rating on Syndicate Bank with a target of Rs 71 in its November 17, 2008 research report. "In 2QFY09, Syndicate Bank's net interest income grew by 53% (Y/Y) to Rs 7.5 billion. Overall the bank posted good set of numbers; we re-iterate our BUY rating on the stock with a target price of Rs 71," says Karvy Stock Broking's research report.

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Source: Moneycontrol

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