10000 to 4crs in 18 months 1000rs to 50crs 300% returns 75% promoter holdings A 50 bagger A sureshot 5 bagger Analysis Another fraud? Auto ancillaries Bank sector Blind sell Brand plays Broking Bse Nse Buy calls cements Ceramics/tiles Counters I don't like Debt free businesses Delisting candidates demerger bets Disclosure- I own them Domestic consumption plays E-Commerce pick Education Exit at rallies Famous analysts Famous stocks FMCG Footwear future multibaggers Gems andJewellery Hidden gems High conviction ideas High dividend plays High potential small caps High ROE stocks Holding companies Hotel sector How they looted you.. Indian stock market Infrastructure sector Interesting Microcaps IT KPO Landbank plays largecap ideas Less than 5 PE stocks Liquor Logistics Market lessons Market outlook for 2013 and 2014 Market underperformers Meeting with the CEO Metals Monopoly businesses My 5 baggers My Favourite counters My paid stock recommendations My stock picking techniques nse bse tips Oil exploration Operator calls Paints Penny stock outlook penny stock updates Pharma sector Poultry stocks PSU Publicity freaks Real estate Renewable energy plays Safe bets Sell recommendations Share market Live shipping stocks short term call SOTP plays stock tips stock under 10rs Stocks to watch out for Strong bonus candidates Takeover candidates TATA product tea Textiles The 13 bagger The 45 bagger Trading companies Transformers Turnaround bets Tyres Uncertain/Risky business models Unique businesses

Search This Blog(Over 800 companies covered in the blog).

Archives : Old artciles

Friday, February 3, 2012

Andhra Bank:Buy/sell/growth prospects and recommendation,news and results,target and analysis,view and outlook,multibagger

Scripscan:Andhra Bank

Story:Andhra Bank was set up in 1923. It is in retail and corporate sector serving them since long time. The bank has done pretty well from 2008-2011 periods when the market was under recession. However,Andhra Bank has always been little cheaper in the market compared to other banks. It is a medium size, nationalized bank with 1550+ branches. The bank mainly operates in southern part of India. The bank is also focusing in insurance business in collaboration with bank of Baroda and L&G group of UK offering insurance under IndiafIrst.Andhra bank has been able to maintain the operating expenses at the same level. This is a good sign as banks faced heavy expenses on operations in recession time. Andhra bank has always been relatively underpriced compared to SBI, BoB, or PNB.The reason is that Andhra bank’s fundamentals show high variation. The bank is inherently sound but the lack of consistency in performance is taking its toll on the stock price. The future is bright and I do not see any sign of worry. The bank is attractively valued at Rs 110.EPS at 21.7 with a price of Rs 110 a share is a good bet. The PE ratio is about 5.EPS is expected to show a steady rise of 20%+ over the next few years.The stock looks attractive at this price. There is upside of 20% – 30% in a year’s time. Business today and KPMG study have adjudged Andhra Bank number One in the asset quality front.

Important Disclaimer&Privacy policy

This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.

Subscription to Arunthestocksguru

Enter your email address:

Delivered by FeedBurner