Buy Lakshmi Vilas Bank Ltd., target Rs 140.0 : Centrum Broking

Centrum Broking has Buy call on Lakshmi Vilas Bank Ltd. with a target price of Rs 140.0. The current market price of Lakshmi Vilas Bank Ltd. is 124.2. Time period given by analyst is year, when Lakshmi Vilas Bank Ltd. price can reach defined target. Centrum Equity Research has retained its buy rating on Lakshmi Vilas Bank with a target price of Rs 140 citing that it continues to like the bank for its earnings growth and asset quality. The brokerage said this has led to another quarter of 22 per cent growth in net interest income and 51 per cent growth in PAT. It said the bank remains undemanding at 1.2x FY18 estimated adjusted book value (ABV).