Buy Karnataka Bank, target Rs 175: Kunal Bothra
ETMarkets.com|
Nov 01, 2017, 08.43 AM IST
Independent analyst Kunal Bothra has a buy call on Karnataka Bank with a target price of Rs 175.
The current market price of Karnataka Bank is Rs 162.
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 155.
Karnataka Bank, incorporated in the year 1924, is a banking company (having a market cap of Rs 4,579.81 Crore).
Karnataka Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 3,793.56 Crore to Sales Value (73.15 per cent of Total Sales), Income From Investment which contributed Rs 1298.23 Crore to Sales Value (25.03 per cent of Total Sales), Interest which contributed Rs 91.42 Crore to Sales Value (1.76 per cent of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 2.19 Crore to Sales Value (0.04 per cent of Total Sales)for the year ending 31-Mar-2017.
The current market price of Karnataka Bank is Rs 162.
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 155.
Karnataka Bank, incorporated in the year 1924, is a banking company (having a market cap of Rs 4,579.81 Crore).
Karnataka Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills which contributed Rs 3,793.56 Crore to Sales Value (73.15 per cent of Total Sales), Income From Investment which contributed Rs 1298.23 Crore to Sales Value (25.03 per cent of Total Sales), Interest which contributed Rs 91.42 Crore to Sales Value (1.76 per cent of Total Sales) and Interest On Balances with RBI and Other Inter-Bank Funds which contributed Rs 2.19 Crore to Sales Value (0.04 per cent of Total Sales)for the year ending 31-Mar-2017.
