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HomeSTOCKS₹179 Bank Share Jumped 12% After Huge Profit In Q3; DII holding...

₹179 Bank Share Jumped 12% After Huge Profit In Q3; DII holding 35%, FII 16%

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Karur Vysya Bank Ltd (NSE: KARURVYSYA): The shares of Karur Vysya Bank rose by 12 percent to hit Rs 188.60 on Tuesday morning. It also marks its latest record 52-week high.

This increase in shares of the company is following the December quarter’s results. 

Net profit of the private sector Karur Vysya Bank increased by 42.56 percent to reach Rs 412 crore during the October-December month of the present fiscal year. 

This Tamil Nadu based bank said in the statement released on Monday that it earned an income of 289 crore in the same quarter of last year.

December Quarter Results

The net profit of the bank during the period that ended the 31st of December, 2023 was up 49.61 percent to reach Rs 1,149 crore from a mere 768 crore for the same period last year. 

The total earnings in the review period increased from 2,012.71 crores at the same time before the year’s end to 2,497.17 crores in December. 

The bank also reported that its gross non-performing assets (GNPA) increased to 1.12 percent up to 1.58 percent of its total loans as of December 31st, 2023. 

It was less than 2.70 percent in the same time frame one year ago. In terms of rupees, it was at 1,152 crore during the December 2023 quarter and was 1,674 crore by December 31st, 2022. 

Net NPA in the period comprised 0.42 percent of advances, which was the equivalent of Rs 305 crore on Dec 31, 2023. 

However, it was 0.90 percent, which equals the equivalent of Rs 550 crore on December 31st, 2022.

Bank Shares Are Subject To A Condition

Stocks in Karur Vysya Bank are currently at 186 rupees. The shares have increased 13.73 percent throughout the month. 

The stock has increased 43.80 percent over the past six months. This stock has gained 71.43 percent in a year. It has risen by 102 percent over five years. 

The 52-week low is 92.80. The market capitalization for the company is 14,684 crore.

About Karur Vysya Bank Ltd

Karur Vysya Bank Limited (the Bank) is an Indian bank. It provides various banking and financial services including commercial banking and Treasury services. 

Its segments are Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations. 

Treasury segment: Debt instruments of banks, investment in the state and central security, PSUs and corporates, mutual funds, deposits certificates as well as insurance companies, receipts, and security. 

Wholesale and Corporate banking segment: partnerships, companies as well as advances to trusts, corporations, and statutory entities. 

The Retail Banking sector lends money as well as other services offered by banks to any legal entity including small business clients. 

The Additional Banking Operation segment provides para-banking activities such as demat services, bancassurance, and third-party distribution of products and other transactions in banking. 

Fundamental Analysis of Karur Vysya Bank Ltd

Market Cap₹ 14,684 Cr.
Current Price₹ 179.80
52-wk High₹ 188.60
52-wk Low₹ 92.70
Stock P/E10.60
Book Value₹ 107
Dividend1.09 %
ROCE5.61 %
ROE13.7 %
Face Value₹ 2.00
P/B Value1.71
OPM59.4 %
EPS₹ 18.5
Debt₹ 78,070 Cr.
Debt to Equity9.09

Karur Vysya Bank Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹185₹230
2025₹240₹265
2026₹300₹330
2027₹350₹365
2028₹375₹385
2029₹405₹425
2030₹430₹435
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Karur Vysya Bank Ltd Shareholding Pattern

Promoters Holding
June 20212.12%
Mar 20222.28%
June 20222.28%
FII Holding
June 202121.11%
Mar 202215.35%
June 202215.43%
DII Holding
June 202120.07%
Mar 202221.88%
June 202222.75%
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Public Holding
June 202156.70%
Mar 202260.49%
June 202259.54%

Karur Vysya Bank Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 5,816 Cr
2020₹ 5,990 Cr
2021₹ 5,470 Cr
2022₹ 5,588 Cr
2023₹ 7,788 Cr

Last 5 Years’ Net Profit:

2019₹ 211 Cr
2020₹ 235 Cr
2021₹ 359 Cr
2022₹ 673 Cr
2023₹ 1,487 Cr
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Last 10 Years’ Profit Growth:

10 Years:7%
5 Years:26%
3 Years:66%
Current Year:51%

Last 10 years’ Return on Equity (ROE):

10 Years:9%
5 Years:7%
3 Years:10%
Last Year:14%

Sales Growth Over 10 Years:

10 Years:4%
5 Years:3%
3 Years:3%
Current Year:26%

Conclusion

This article is a complete guide about Karur Vysya Bank Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Also Read: ₹260 Government Share Deal With Qatar; Target ₹418; Promoter- BPCL, HPCL, IOCL

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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