Jay Thakkar of Sharekhan recommends a buy rating on Corporation Bank with a target price of Rs 38 and a strict stop loss placed at Rs 34.50. The stock is trading with a P/E of -7.2 and P/B of 0.32. The stock is looking bullish on the charts.Corporation Bank is a high beta stock (1.43) and is trading well below its 50-day, 100-day and 200-day moving average of Rs 36.41, Rs 37.40 and Rs 40.49, respectively, as per data collated by ETMarkets.com. The stock has gained 0.12 per cent so far in the calendar year 2016.

Source: Economic Times June 14, 2016 08:11 UTC