India's Karur Vysya Bank rises as brokerages cite robust earnings, healthy asset quality
BUZZ-India's Karur Vysya Bank rises as brokerages cite robust earnings, healthy asset quality ** Karur Vysya Bank's KARU.NS shares up about 7.6% at 323.80 rupees, highest level since February 27
** Strong earnings consistency and superior RoEs reinforce franchise quality, although premium valuations leave little buffer against execution risks - brokerage Kotak
** Kotak lifts PT to 285 rupees from 275 rupees, but maintains "Sell" rating
** Axis Capital sees FY27 NIM and RoA at 4% and 2.2% respectively, despite some NIM moderation ahead; maintains "Buy" rating, PT unchanged at 370 rupees
** Even after factoring in near-term margin headwinds, company positioned to deliver sustainable ~2% RoA trajectory helped by balance between profitable balance sheet growth and disciplined asset quality, supported by ongoing strategic initiatives - Ambit
** Brokerage Ambit maintains "Buy" rating with PT of 360 rupees
** 13 analysts rate the stock "Buy" or higher, 2 "Hold", 1 "Strong Sell"; median PT of 361 rupees - data compiled by LSEG
** YTD, stock down 22.33%
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
Recent news on Karur Vysya Bank
See all newsBrief: Karur Vysya Bank Ltd Says One-Year MCLR Revised To 9.25%, Effetcive Oct 22
IT stocks continue to power Indian shares higher; Nifty eyes best week in six months
India's Karur Vysya Bank rises on strong quarterly performance
Brief: Karur Vysya Bank Enters Agreement With Zurich Kotak General Insurance For Product Distribution
Brief: Karur Vysya Bank Revises One-Year MCLR To 9.40% From 9.35% From Aug 22