CMP: 202


Allahabad Bank Limited provides a full range of banking services throughout India. The Company's activities include retail banking, commercial and personal banking, investment management, treasury and cash management, and depository services.

Allahabad Bank is a safe upper mid-cap stock on its way to become a large cap. Its a high dividend yielding stock with yields over 2.5% last year. NPM is currently at 15% and improving marginally. Revenues and PAT are growing at 30% year on year. Its a value buy with P/E of just over 6. Banking sector is expected to outperform. Buy, Accumulate on dips and hold for long term gains.