Andhra Bank – BUY
CMP Rs147, Target Rs168, Upside 14.3%
± Shifting focus to high yielding segments of SME and retail
± Establishing a pan-India presence
± Comfortable asset quality, room to raise further capital
± Best in class returns ratio; attractive valuations - BUY
http://content.indiainfoline.com/wc/research/researchreports/Andhra-Bank_050810.pdf
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