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Tuesday, August 14, 2012
Allahabad Bank Ltd: Has the stock formed a temporary bottom?
Allahabad Bank Ltd closed flat yesterday, after we saw rally in the share of State Bank of India Ltd (SBI). Yesterday's SBI Ltd's call flared up, and the scrip closed at, Rs.1905.75. This boosted the sentiments of most of the stocks in the Banking Space.
Meanwhile, both Allahabad Bank Ltd and SBI Ltd came out with superb set of numbers for Q1FY13. CLICK HERE.