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Yes Securities has buy call on with a target price of Rs 70. The current market price of Karnataka Bank Ltd. is Rs 62.25.
Karnataka Bank Ltd., incorporated in the year 1924, is a banking company (having a market cap of Rs 1919.62 Crore).
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1868.62 Crore, down -3.36 % from last quarter Total Income of Rs 1933.52 Crore and down -6.27 % from last year same quarter Total Income of Rs 1993.68 Crore. The bank reported net profit after tax of Rs 135.37 Crore in latest quarter.
Investment Rationale
Post multi-week decline, the stock is gradually gaining positive traction. Positive follow-up action could attract a short term rally.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2020, while FIIs held 7.3 per cent, DIIs 6.2 per cent and public and others 86.5 per cent.
Karnataka Bank Ltd., incorporated in the year 1924, is a banking company (having a market cap of Rs 1919.62 Crore).
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1868.62 Crore, down -3.36 % from last quarter Total Income of Rs 1933.52 Crore and down -6.27 % from last year same quarter Total Income of Rs 1993.68 Crore. The bank reported net profit after tax of Rs 135.37 Crore in latest quarter.
Investment Rationale
Post multi-week decline, the stock is gradually gaining positive traction. Positive follow-up action could attract a short term rally.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2020, while FIIs held 7.3 per cent, DIIs 6.2 per cent and public and others 86.5 per cent.
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