Brokerage Antique rates Karur Vysya Bank as a “buy.” The goal price per share is now Rs 270 instead of Rs 250. The share price closed at Rs 223.1 on August 29, 2024. Thus, the stock has the potential to yield future profits of up to 21% at the current price.
Experts Recommend Buying Karur Vysya Bank Stock
The major equity indices, the Sensex and Nifty, reached new all-time highs in early trade on Friday as domestic stocks continued their bullish advance, reflecting strong trends in Asian markets and new inflows of foreign funds.
At 2:07 PM, the Nifty 50 was up 0.37 percent at 25,246.80, and the Sensex was up 0.35 percent at 82,426.48. The Nifty was at 25,235 at closing, up 83 points or 0.33 percent, and the Sensex was at 82,365, up 231 points or 0.28 percent.
Karur Vysya Bank shares was added to the brokerage Antique Broking’s list of best recommendations in the meantime.
Buy shares of Karur Vysya Bank; Experts Recommend Buying Karur Vysya Bank Stock
Brokerage Antique rates Karur Vysya Bank as a “buy.” The goal price per share is now Rs 270 instead of Rs 250. The share price closed at Rs 223.1 on August 29, 2024. Thus, the stock has the potential to yield future profits of up to 21% at the current price.
Broker opinions regarding Karur Vysya Bank shares
Experts Recommend Buying Karur Vysya Bank Stock, is still the brokerage’s top choice for mid-cap banking equities, according to them. This is a result of the bank’s ongoing maintenance of a strategy for balanced expansion. There is a net interest margin (NIM) of more than 4% and a loan growth of roughly 15%. The quality of the assets is better. NNPL is less than 0.4%. In 1QFY25, the credit cost is 53 bps. On the other hand, just 2% of the bank’s loan book consists of unsecured retail loans. For FY25–27E, it is anticipated to have a return on assets (ROA) of 1.56–1.6% and a return on equity (ROE) of 16–17%. The brokerage is optimistic that this pattern will hold, given the history of the Additionally, management is excellent.
Change in the share price of Karur Vysya Bank
Friday saw a lackluster start to trading for banking equities. The stock has been a multibagger for investors with outstanding long-term gains. Over the past three years, the stock has returned more than 408 percent, with returns of 228% over the previous two. In just one year, the stock bank stake has soared by over 85%. In 2024, the stock returned more than thirty percent.
Experts are increasingly recommending Karur Vysya Bank stock as a strong investment opportunity, highlighting its robust financial performance and growth potential. Currently trading at around ₹216.33, the bank has shown impressive year-on-year advances growth of 16.68%, significantly outpacing many of its peers. Analysts note that Experts Recommend Buying Karur Vysya Bank stock, has maintained a healthy Return on Assets (ROA) of 1.64% and a solid Capital Adequacy Ratio of 16.67%, indicating a well-managed financial structure. The bank’s non-performing assets (NPAs) are also commendably low, with gross NPAs at 1.4% and net NPAs at just 0.4%, reflecting effective asset management. ”Experts Recommend Buying Karur Vysya Bank Stock.”
Furthermore, the bank has reported a 14.46% revenue growth over the past three years, showcasing its ability to expand in a competitive market. With a price-to-book (P/B) ratio of 1.64, analysts believe the stock is undervalued, presenting a compelling entry point for investors. As the Indian banking sector continues to thrive due to favorable economic conditions and increased consumerism, Karur Vysya Bank is well-positioned to capitalize on these trends. Given these factors, experts suggest that now is an opportune time for investors to consider adding Karur Vysya Bank stock to their portfolios.
On August 30, 2024, shares of Karur Vysya Bank ended trading at Rs 222.2 apiece, down 0.38 percent on the BSE. (Experts Recommend Buying Karur Vysya Bank Stock)
Account opning link:
- Groww Account- https://app.groww.in/v3cO/kyrp1zph
- Kotak neo Account https://kotaksecurities.ref-r.com/c/i/32531/109103906
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