To comply with Basel-III Capital Regulations, banks need to improve and strengthen their capital planning processes.
Sandeep Wagle of powermywealth.com is of the view that one may see more upside in Andhra Bank and recommends selling Vedanta.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Colgate Palmolive and Bharat Forge and sell Andhra Bank and Amara Raja Batteries.
Banking stocks like UBI, Andhra Bank, OBC, Allahabad Bank, Indian Bank and Bank of Baroda will get astrological support, says Satish Gupta of astrostocktips.
Prakash Gaba of prakashgaba.com is of the view that one may exit Andhra Bank around Rs 72.
Public sector lender Andhra Bank today posted over 30 percent rise in net profit at Rs 40 crore for the first quarter ended June even as bad loans increased.
Total income during the quarter increased to Rs 5,155.21 crore, from Rs 4,855.50 crore in the year-ago period, Andhra Bank said in a regulatory filing to the stock exchanges.
The lender is looking to close the QIP issue by December, which would bring down the government's shareholding in the bank below the 60 per cent mark, the official, who did not wished to be identified, said.
Shahina Mukadam, Independent Market Expert is of the view that one may prefer State Bank of India over Andhra Bank.
Mitessh Thakkar of mitsshthakkar.com advises selling Sell Bajaj Auto and Andhra Bank.
Kunal Saraogi of Equityrush is of the view that one may buy Motherson Sumi Systems with a target of Rs 490.
Mitessh Thakkar of miteshthacker.com is of the view that one may short Tata Motors and buy Bosch.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy HDFC, Shankara Build and Chambal Fertilisers and can sell Andhra Bank.
According to a statement issued by the bank, the app ABTEJ (phase I) was launched by T Hanuman Chowdary, founder of the Telecommunications and management Studies.
Mitessh Thakkar of miteshthacker.com suggests buying Colgate Palmolive and HDFC and advises shorting Allahabad Bank.
Vishvesh Chauhan of Monarch Networth Capital advises buying NCC with a target of Rs 107.
Prakash Diwan of Altamount Capital Management is of the view that one can pick Indian Overseas Bank, Oriental Bank of Commerce and Andhra Bank.
Banking stocks like Union Bank, Allahabad Bank, Andhra Bank, Syndicate Bank & UCO Bank will get astro support, says Satish Gupta of astrostocktips.
Ashwani Gujral of ashwanigujral.com recommends buying Sobha, DLF and Godrej Properties and feels that Andhra Bank may test Rs 85.
According to Prakash Gaba of prakashgaba.com, Nifty has support at 9050-9000 and resistance at 9225 while Bank Nifty has support at 21400 and resistance at 22000.
Shriram EPC | Berger Paints | KPIT Tech | Godrej Industries | GE Shipping and Technofab Eng are stocks, which are in news today.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Andhra Bank, GAIL India and Shoppers Stop while sell Ambuja Cements and Tata Communications.
The bank will put up the matter at its board meeting for consideration, Andhra Bank said in a stock exchange filing.
Sudarshan Sukhani of s2analytics.com advises buying Adani Power.