Independent analyst Kunal Bothra has a buy call on Karnataka Bank with a target price of Rs 174.

The current market price of Karnataka Bank is Rs 163.35.

Time period given by the analyst is intraday when Karnataka Bank price can reach defined target.

Kunal Bothra recommended to keep a stop loss at Rs 158.

Karnataka Bank, incorporated in the year 1924, is a banking company (having a market cap of Rs 4,617.98 Crore).

The Bank has reported a Gross Non Performing Assets (Gross NPAs) of Rs 1,715.70 Crore (4.13 per cent of total assets) and Net Non Performing Assets (Net NPAs) of Rs 1,246.81 Crore (3.04 per cent of total assets).

For the quarter ended 30-09-2017, the company has reported a Standalone Interest Income of Rs 1,009.50 Crore, up 6.28 per cent from last quarter Interest Income of Rs 949.83 Crore and up 3.11 per cent from last year same quarter Interest Income of Rs 979.09 Crore.

The bank has reported net profit after tax of Rs 93.38 Crore in latest quarter.