Vijaya Bank has target of Rs 100

Target on Vijaya bank.is at about Rs 100 right now I think that the stock is extremely undervalued where it comes to just mainly ratios. The stock is trading.at a price to book value of about 1.66 as you know lower the book value the better it is for the company. So industry book value is actually about 2.9 and the company is trading at about 1.66. Also price to sales of Vijaya Bank are at 1.06 compared to industry of 2.14. The stock is trading at a PE of about 9.5, which extremely cheap compared to the industry PE of about 19.8 or so."
He further added, I do think the company is extremely undervalued when it comes to these ratios and it has a long way to go compared to its competitors. The bank also planning to lower its average cost of deposits which is right now hovering at about 7% or so. They are planning to reduce that by about 50-bps, which should result in a gain of Rs 200 crore for the company. The stock is pretty undervalued at these levels. I do expect a good rally and we think that it should be at about a Rs 100 in a years time.