India's Karur Vysya Bank rises after RBI's nod for stake buy

Karur Vysya Bank

30/11/2023 06:09

** Shares of Karur Vysya Bank  KARU.NS  up as much as 3% to
157.90 rupees
    ** Lender said Reserve Bank of India (RBI) gave approval to
SBI Mutual Fund to buy 9.99% stake in KARU
    ** All twelve analysts tracking KARU rate it "buy" or
"strong buy"; median PT is 175 rupees - LSEG data
    ** Stock last up 0.8%, extending YTD gains to ~36%
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))