Hold Andhra Bank, says Akshata Deshmukh

Akshata Deshmukh, Chief Strategist-Trading at Networth Stock Broking told CNBC-TV18, "Investors should hold on to Andhra Bank for a year or so because the worst is behind in some way because all the negatives have been factored into the price already. Going ahead I believe that once Reserve Bank of India (RBI) takes a stance on rate cuts which is likely by March next year, I think the stock should revive in a very big way."

She further added, "We are expecting a huge upside but it might take some time till the time we also see inflation coming down on a steadier basis. So PSU banks are slated for very big up moves post December this year. Investors should hold on, the stock is hovering around Rs 70-75 on the higher side and Rs 55-58 on the downside, so it might be a range bound behaviour for another quarter or so but post that it should be a U turn of sorts."