Quotes with Resistance & Support
Market Information
Buy Andhra Bank, target of Rs 74: Karvy
Posted on: April 7th, 2009 and is filed under Brokerage Recommendations.
Karvy Stock Broking has maintained its buy rating on Andhra Bank with a price target of Rs 74 in its april 6, 2009 research report. “We revise Andhra Bank’s FY10 estimates mainly to factor in higher NPAs and restructured loans and much higher credit costs. Also incrementally, for FY10 we marginally reduce our estimates for fee income and increase operating overheads. For FY10, we reduce our earning estimates by 11.3% to Rs 5.24 billion from our earlier estimates of Rs 5.9 billion and reduce price target by 14.9% to Rs 74. We maintain our BUY rating on the stock; based on our target price the stock would trade at 1.05x adjusted book value FY10,” says Karvy Stock Broking’s research report.
Tags: andhra bank, karvy, news, nse, report
Similar Posts:
Latest Query
Samrudhiglobal.com wishing you and your friends and family Advance xmas and Happy New year...view more »
- by Sam
- by Sam
Status: Awaiting reply
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
