INDIAN OVERSEAS BANK; STOCK CALL

  

        CMP 103.25         BSE 17636

• On the downside,  excellent support at 97 levels.
• On the upside, resistances at 110, 119 and then 134.
• Tenor positive over the medium to long term.
• Currently trading at less than 80% of its Book Value.
• BUY at CMP and hold for a possible 12 month target of 163 odd.