Add Karur Vysya Bank, target price Rs 150: HDFC Securities

HDFC Securities has add call on Karur Vysya Bank Ltd. with a target price of Rs 150. The current market price of Karur Vysya Bank Ltd. is Rs 140.25.

Karur Vysya Bank Ltd., incorporated in the year 1916, is a banking company (having a market cap of Rs 11257.55 Crore).

Karur Vysya Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-09-2023, the company has reported a Standalone Total Income of Rs 2335.97 Crore, up 5.41 % from last quarter Total Income of Rs 2216.07 Crore and up 28.28 % from last year same quarter Total Income of Rs 1821.05 Crore. The bank has reported net profit after tax of Rs 378.45 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 2.24 per cent stake in the company as of 30-Jun-2023, while FIIs owned 17.9 per cent, DIIs 32.07 per cent.